21 May 2020
Silver New York Price Forecast: XAG/USD holding above $17.00/oz
- XAG/USD is hovering near its highest point since early-March.
- The level to beat for buyers is the 17.45 resistance on daily closing basis.
Silver four-hour chart
XAG/USD is holding near 10-week highs just below the 17.45 resistance. Buyers should stay in control and a break above the mentioned level on a daily closing basis can lead to extra gains towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.65 and 15.84 levels.
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42
Additional key levels