Silver New York Price Forecast: XAG/USD rises to 3-month highs

XAG/USD is trading at levels last seen in late February.
The level to beat for bulls is the 17.80 resistance.

Flavio Tosti Independent Analyst

Silver four-hour chart

Silver is trading in 3-month highs just under the $17.80 per troy ounce resistance. The white metal is gaining some steam while above its main SMAs on the four-hour chart. However, buyers would need a convincing break above the 17.80 level to extend the bullish run towards the 18.20 and 18.80 levels. On the other hand, a break below the 16.80 support can lead to a deep pullback down towards the 15.84 level.

Resistance:17.80, 18.20, 18.80

Support: 17.45, 16.80, 15.84

Additional key levels

XAG/USD

Overview
Today last price	17.7
Today Daily Change	0.35
Today Daily Change %	2.02
Today daily open	17.35

Trends
Daily SMA20	16.22
Daily SMA50	15.3
Daily SMA100	16.31
Daily SMA200	16.95

Levels
Previous Daily High	17.52
Previous Daily Low	17.18
Previous Weekly High	17.63
Previous Weekly Low	16.63
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	17.39
Daily Fibonacci 61.8%	17.31
Daily Pivot Point S1	17.18
Daily Pivot Point S2	17.01
Daily Pivot Point S3	16.84
Daily Pivot Point R1	17.52
Daily Pivot Point R2	17.7
Daily Pivot Point R3	17.87

Author

Flavio Tosti

Independent Analyst

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