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.
 

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

 

 

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