Silver New York Price Forecast: XAG/USD trades in 3-month highs above $18.00/oz

XAG/USD is spiking to levels last seen in late February 2020.
The level to beat for buyers is the 18.40 resistance.

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD is trading in 3-month highs just under the $18.40 per troy ounce resistance. Silver remains bullish above the main SMAs on the four-hour chart. However, bulls would need a successful break above the 18.40 level to climb further towards the 18.80 and 19.00 levels. On the flip side, a break below the 17.75 support can see some retracement action towards the 17.25 level.

Resistance: 18.40, 18.80, 19.00

Support: 17.75, 17.25, 16.75

Additional key levels

XAG/USD

Overview
Today last price	18.06
Today Daily Change	0.21
Today Daily Change %	1.18
Today daily open	17.85

Trends
Daily SMA20	16.36
Daily SMA50	15.42
Daily SMA100	16.31
Daily SMA200	16.95

Levels
Previous Daily High	17.91
Previous Daily Low	17.26
Previous Weekly High	17.91
Previous Weekly Low	16.85
Previous Monthly High	17.91
Previous Monthly Low	14.72
Daily Fibonacci 38.2%	17.66
Daily Fibonacci 61.8%	17.51
Daily Pivot Point S1	17.44
Daily Pivot Point S2	17.03
Daily Pivot Point S3	16.8
Daily Pivot Point R1	18.09
Daily Pivot Point R2	18.32
Daily Pivot Point R3	18.73

Author

Flavio Tosti

Independent Analyst

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