20 May 2020
Silver New York Price Forecast: XAG/USD holds into 10-week highs
- XAG/USD is hovering at its highest since early-March.
- The level to beat for bulls is the 17.45 resistance on daily closing basis.
Silver four-hour chart
XAG/USD is holding into 10-week highs near the 17.45 resistance. Buyers remain in control and a break beyond the mentioned level on a daily closing basis can yield extra gains towards 18.20 and 18.80. On the flip side, retracements down may find support 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