Silver Price Analysis: XAG/USD pressuring May highs, bullish

Silver trades above $15.40 per troy after last week advance.
The level to beat for buyers is the 15.85 resistance.

Flavio Tosti Independent Analyst

Silver four-hour chart

XAG/USD is consolidating the recent bullish push witnessed at the end of the last week while currently holding above the 15.40 level and the main SMAs on the four-hour chart. Buyers should stay in control with a possible continuation towards the 15.85 level and 16.50 in the medium-term. Support could emerge near 15.40 and 15.00 levels.

Resistance: 15.85, 16.50, 17.00

Support: 15.40, 15.00, 14.50

Additional key levels

XAG/USD

Overview
Today last price	15.6
Today Daily Change	0.12
Today Daily Change %	0.78
Today daily open	15.48

Trends
Daily SMA20	15.21
Daily SMA50	15.03
Daily SMA100	16.46
Daily SMA200	16.96

Levels
Previous Daily High	15.62
Previous Daily Low	15.28
Previous Weekly High	15.64
Previous Weekly Low	14.72
Previous Monthly High	15.85
Previous Monthly Low	13.82
Daily Fibonacci 38.2%	15.49
Daily Fibonacci 61.8%	15.41
Daily Pivot Point S1	15.3
Daily Pivot Point S2	15.12
Daily Pivot Point S3	14.96
Daily Pivot Point R1	15.64
Daily Pivot Point R2	15.8
Daily Pivot Point R3	15.98

Author

Flavio Tosti

Independent Analyst

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