Silver New York Price Forecast: XAG/USD trades sideways near $17.00/oz

XAG/USD is consolidating off the monthly tops.
Support can emerge near the 16.80 level.

Flavio Tosti Independent Analyst

Silver four-hour chart

Silver is trading off 10-week tops just below the $17.45 per troy ounce level. Bulls are losing steam as XAG/USD trades below the 50 SMA on the four-hour chart. In this context, a break below the 16.80 support cannot be ruled out. On the other hand, a daily break above the 17.45 level can lead to further upside with 18.20 and 18.80 on the radar.

Resistance: 17.45, 18.20, 18.80

Support: 16.80, 15.84, 15.42

Additional key levels

XAG/USD

Overview
Today last price	17.03
Today Daily Change	-0.11
Today Daily Change %	-0.64
Today daily open	17.14

Trends
Daily SMA20	16
Daily SMA50	15.1
Daily SMA100	16.33
Daily SMA200	16.95

Levels
Previous Daily High	17.45
Previous Daily Low	17.03
Previous Weekly High	17.63
Previous Weekly Low	16.63
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	17.29
Daily Fibonacci 61.8%	17.19
Daily Pivot Point S1	16.96
Daily Pivot Point S2	16.78
Daily Pivot Point S3	16.53
Daily Pivot Point R1	17.38
Daily Pivot Point R2	17.63
Daily Pivot Point R3	17.81

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.