Search ForexCrunch
  • Silver is continuing the sideways theme just below $15.00/oz key level.
  • XAG/USD has little directional bias as the range is tightening.

Silver four-hour chart 

XAG/USD remains sidelined just below $15.00/oz and the 50 /100 SMAs but above the 200 SMA on the four-hour chart. The picture is mixed and market participants are waiting for a clear direction. A daily break below the 15.50 support can have bearish implication and lead to further selling interest. Conversely, a break beyond 15.43 could see an acceleration higher. 
Resistance: 15.43, 15.85, 16.50
Support: 14.50, 13.90, 13.25

Additional key levels