Silver New York Price Forecast: XAG/USD kicks off the week sidelined just below $15.00/oz

Silver is starting the week by trading just below $15.00/oz key level.
The level to beat for bulls stay the 15.43 resistance.

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD stays sidelined just below $15.00/oz and the 50 and 100 SMAs but above the 200 SMA on the four-hour chart. The correction originating from the 2020 lows remains intact as silver consolidated throughout April. Moreover, it is worth noting that 15.00 was also pivotal last month. Therefore, in the medium-term bulls can still be looking for a break above the 15.43 resistance opening the gates to the 15.85 and 16.50 levels. On the flip side, 14.50 can act as support followed by 13.90 price level.

Resistance: 15.43, 15.85, 16.50

Support: 14.50, 13.90, 13.25

Additional key levels

XAG/USD

Overview
Today last price	15.01
Today Daily Change	0.00
Today Daily Change %	0.00
Today daily open	15.01

Trends
Daily SMA20	15.18
Daily SMA50	15.35
Daily SMA100	16.57
Daily SMA200	17

Levels
Previous Daily High	15.06
Previous Daily Low	14.75
Previous Weekly High	15.51
Previous Weekly Low	14.7
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	14.94
Daily Fibonacci 61.8%	14.86
Daily Pivot Point S1	14.82
Daily Pivot Point S2	14.63
Daily Pivot Point S3	14.51
Daily Pivot Point R1	15.13
Daily Pivot Point R2	15.25
Daily Pivot Point R3	15.44

Author

Flavio Tosti

Independent Analyst

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