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Silver Asia Price Forecast: XAG/USD remains sidelined, trades near $15.00/oz

  • XAG/USD dips to near $15.00 per ounce in the Thursday session. 
  • The level to beat for buyers remain the 15.43 resistance.  
 
 

Silver four-hour chart 

 
XAG/USD stays sidelined near $15.00/oz below the 50 and 100 SMAs and above the 200 SMA on the four-hour chart. The bullish correction from 2020 lows remains intact as buyers are still eyeing for a breakout beyond the 15.43 resistance en route towards the 15.85 and 16.50 levels. Conversely,  15.00 should act as support followed by 14.50 price level.
 
 
Resistance: 15.43, 15.85, 16.50
Support: 15.00, 14.50, 13.90
 
 

Additional key levels

 

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