Silver New York Price Forecast: XAG/USD holds into 10-week highs

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

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD is holding into 10-week highs near the 17.45 resistance. Buyers remain in control and a break beyond the mentioned level on a daily closing basis can yield extra gains towards 18.20 and 18.80. On the flip side, retracements down may find support near the 16.65 and 15.84 levels initially.

Resistance: 17.45, 18.20, 18.80

Support: 16.65, 15.84, 15.42

Additional key levels

XAG/USD

Overview
Today last price	17.4
Today Daily Change	0.06
Today Daily Change %	0.35
Today daily open	17.34

Trends
Daily SMA20	15.5
Daily SMA50	14.92
Daily SMA100	16.37
Daily SMA200	16.94

Levels
Previous Daily High	17.49
Previous Daily Low	16.96
Previous Weekly High	16.73
Previous Weekly Low	15.28
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	17.29
Daily Fibonacci 61.8%	17.17
Daily Pivot Point S1	17.04
Daily Pivot Point S2	16.74
Daily Pivot Point S3	16.52
Daily Pivot Point R1	17.57
Daily Pivot Point R2	17.79
Daily Pivot Point R3	18.09

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.