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  • 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