19 May 2020
Silver New York Price Forecast: Silver trades in 10-week highs, nearing $17.45/oz
- XAG/USD is trading at is highest since early-March.
- The level to beat for buyers is the 17.45 resistance.
Silver four-hour chart
XAG/USD is trading in 10-week highs as silver is nearing the 17.45 resistance one more time. Buyers stay in control and a break beyond the mentioned level should yield further advances towards 18.20 and 18.80. On the other hand, pullbacks down could 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