Home Silver New York Price Forecast: XAG/USD challenging the 17.45 resistance, bullish
FXStreet News

Silver New York Price Forecast: XAG/USD challenging the 17.45 resistance, bullish

  • XAG/USD is trading close to its highest since early March. 
  • The resistance to beat for bulls is the 17.45 level on daily closing basis.
 

Silver four-hour chart 

 
Silver is trading near 10-week tops just below the $17.45 per troy ounce resistance. Bulls stay in charge but need a sustained breakout above the mentioned level on a daily closing basis. Looking up, possible target points can be located near the 18.20 and 18.80 levels. On the other hand, pullbacks down can emerge near the 16.80 and 15.84 levels. 
 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
 
 

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.