Silver New York Price Forecast: XAG/USD holding above $17.00/oz

  • XAG/USD is hovering near its highest point since early-March. 
  • The level to beat for buyers is the 17.45 resistance on daily closing basis.

Silver four-hour chart 

XAG/USD is holding near 10-week highs just below the 17.45 resistance. Buyers should stay in control and a break above the mentioned level on a daily closing basis can lead to extra gains towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.65 and 15.84 levels. 
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42

Additional key levels


Today last price 17.26
Today Daily Change -0.31
Today Daily Change % -1.76
Today daily open 17.57
Daily SMA20 15.62
Daily SMA50 14.94
Daily SMA100 16.37
Daily SMA200 16.95
Previous Daily High 17.63
Previous Daily Low 17.27
Previous Weekly High 16.73
Previous Weekly Low 15.28
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.49
Daily Fibonacci 61.8% 17.41
Daily Pivot Point S1 17.35
Daily Pivot Point S2 17.13
Daily Pivot Point S3 16.99
Daily Pivot Point R1 17.71
Daily Pivot Point R2 17.85
Daily Pivot Point R3 18.07



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