13 May 2020
Silver New York Price Forecast: XAG/USD stable above $15.40/oz
- XAG/USD stabilizes above $15.40 per troy after last week bullish advance.
- The level to beat for bulls is the 15.85 resistance.
Silver four-hour chart
XAG/USD consolidates the recent upward move seen at the end of the last week while still holding above the 15.40 level and the main SMAs on the four-hour chart. Bulls stay in control with a potential extension up towards the 15.85 level and 16.50 in the medium-term. Support can be seen near 15.40 and 15.00 levels.
Resistance: 15.85, 16.50, 17.00
Support: 15.40, 15.00, 14.50
Additional key levels