XAG/USD is ticking up as the Fed adds 2.3 trillion in loans. The level to beat for buyers is the 15.50 resistance. Silver daily chart After the sharp drop to 2009 lows, XAG/USD is bouncing up as the Fed introduced a limitless Quantitative Easing (QE) in order to respond to the coronavirus crisis. In addition to this, the Fed announced this Thursday that it was going to inject $2.3 trillion in additional loans while US jobless claims are above 6.6 million, which was worse than anticipated. Silver four-hour chart Silver is trading above the 15.00 level and the 200 SMA on the four-hour chart as buyers are looking to extend the bullish uptick towards the 16.20 and 16.60 levels. Support could emerge near the 15.00, 14.50 and 14.00 price levels on any retracements. Resistance: 15.50, 16.20, 16.60 Support: 15.00, 14.50, 14.00 Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Treasury Sec. Mnuchin: Fed programs are loans not grants FX Street 2 years XAG/USD is ticking up as the Fed adds 2.3 trillion in loans. The level to beat for buyers is the 15.50 resistance. Silver daily chart After the sharp drop to 2009 lows, XAG/USD is bouncing up as the Fed introduced a limitless Quantitative Easing (QE) in order to respond to the coronavirus crisis. In addition to this, the Fed announced this Thursday that it was going to inject $2.3 trillion in additional loans while US jobless claims are above 6.6 million, which was worse than anticipated. Silver four-hour chart Silver is trading above the 15.00 level… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
