Home Silver New York Price Forecast: XAG/USD holding above $17.00/oz

Silver New York Price Forecast: XAG/USD holding above $17.00/oz

Updated: 21 May. 2020 | 14:57

XAG/USD is hovering near its highest point since early-March.
The level to beat for buyers is the 17.45 resistance on daily closing basis.

Silver four-hour chart

XAG/USD is holding near 10-week highs just below the 17.45 resistance. Buyers should stay in control and a break above the mentioned level on a daily closing basis can lead to extra gains towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.65 and 15.84 levels.

Resistance: 17.45, 18.20, 18.80

Support: 16.65, 15.84, 15.42

Additional key levels

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 posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.