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


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

Silver four-hour chart 

 
XAG/USD is trading near 10-week highs below the 17.45 resistance. Bulls should remain in control and a break above the mentioned level on a daily closing basis would likely lead to increased buying interest towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.80 and 15.84 levels. 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
 
 

Additional key levels

XAG/USD

Overview
Today last price 17.16
Today Daily Change 0.06
Today Daily Change % 0.35
Today daily open 17.1
 
Trends
Daily SMA20 15.71
Daily SMA50 14.94
Daily SMA100 16.36
Daily SMA200 16.95
 
Levels
Previous Daily High 17.57
Previous Daily Low 16.88
Previous Weekly High 16.73
Previous Weekly Low 15.28
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.14
Daily Fibonacci 61.8% 17.31
Daily Pivot Point S1 16.8
Daily Pivot Point S2 16.5
Daily Pivot Point S3 16.11
Daily Pivot Point R1 17.49
Daily Pivot Point R2 17.87
Daily Pivot Point R3 18.17

 

 

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