- XAG/USD remains directionless below the 17.75 resistance.
- The level to beat for sellers is the 17.25 support.
Silver four-hour chart
After falling to 2-day lows, silver is challenging the 17.75 resistance while above the 50 SMA on the four-hour chart. After the drop, a continuation down can extend losses to the 17.25 and 16.75 support levels in the medium-term. On the other hand, bulls need a clear break above the 17.75 resistance to potentially reclaim 18.40.
Resistance: 17.75, 18.40, 18.80
Support: 17.25, 16.75, 16.10
Additional key levels