22 May 2020
Silver New York Price Forecast: XAG/USD holding above $17.00/oz, bullish
- XAG/USD is holding near its highest point 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 trading near 10-week highs below the 17.45 resistance. Bulls should remain in control and a break above the mentioned level on a daily closing basis would likely lead to increased buying interest towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.80 and 15.84 levels.
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
Additional key levels