Silver New York Price Forecast: XAG/USD trades off 10-week highs

XAG/USD runs to its highest since early-March.
The level to beat for bulls is the 17.45 resistance.

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD is spiking up to 10-week highs as silver is challenging the 17.40 resistance. Bulls remain in control and a break above the mentioned level can lead to further price advances towards higher levels near 18.20 and 18.80. On the flip side, support can be seen 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	17.17
Today Daily Change	0.54
Today Daily Change %	3.25
Today daily open	16.63

Trends
Daily SMA20	15.29
Daily SMA50	14.92
Daily SMA100	16.38
Daily SMA200	16.94

Levels
Previous Daily High	16.73
Previous Daily Low	15.78
Previous Weekly High	16.73
Previous Weekly Low	15.28
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	16.37
Daily Fibonacci 61.8%	16.14
Daily Pivot Point S1	16.03
Daily Pivot Point S2	15.43
Daily Pivot Point S3	15.08
Daily Pivot Point R1	16.98
Daily Pivot Point R2	17.33
Daily Pivot Point R3	17.93

Author

Flavio Tosti

Independent Analyst

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