Home Silver New York Price Forecast: XAG/USD holds above $15.40/oz, bullish

Silver New York Price Forecast: XAG/USD holds above $15.40/oz, bullish

Published date: 11 May. 2020 | 14:52

Silver holds above $15.40 per troy following last week advance.
The level to beat for bulls is the 15.85 resistance.

Silver four-hour chart

XAG/USD consolidates the bullish advance seen at the end of last week while holding above the 15.40 level and the main SMAs on the four-hour chart. Bulls are likely setting their eyes on the 15.85 level and 16.50 in the medium-term. Support is expected to emerge near 15.40 and 15.00 levels.

Resistance: 15.85, 16.50, 17.00

Support: 15.40, 15.00, 14.50

Additional key levels

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