Silver New York Price Forecast: XAG/USD kicks off the week stable near $17.00/oz

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

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD is trading close to 10-week tops below the 17.45 resistance. Buyers should remain in charge but need a sustained break above the mentioned level possibly on a daily closing basis. Potential targets to the upside can be located near the 18.20 and 18.80 levels. On the flip side, retracements 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	17.08
Today Daily Change	-0.15
Today Daily Change %	-0.87
Today daily open	17.23

Trends
Daily SMA20	15.81
Daily SMA50	14.97
Daily SMA100	16.35
Daily SMA200	16.95

Levels
Previous Daily High	17.25
Previous Daily Low	16.73
Previous Weekly High	17.63
Previous Weekly Low	16.63
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	17.05
Daily Fibonacci 61.8%	16.93
Daily Pivot Point S1	16.88
Daily Pivot Point S2	16.54
Daily Pivot Point S3	16.36
Daily Pivot Point R1	17.41
Daily Pivot Point R2	17.6
Daily Pivot Point R3	17.94

Author

Flavio Tosti

Independent Analyst

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