XAG/USD bounced up sharply from the 2020 lows as the Federal Reserve introduced its largest stimulus package in history. The level to beat for buyers is the 15.50 resistance. Silver daily chart Following the sharp selloff to 2009 lows, XAG/USD bounced up as the Fed introduced a limitless Quantitative Easing (QE) in response to the coronavirus crisis. Silver four-hour chart Silver is about to challenge the 15.50 resistance and the 200 SMA on the four-hour chart as bulls remain in control while a break above this level should inroduce scope for further advances towards the 16.20 and 16.60 levels on the way up. On the flip side, XAG/USD could find support near the 15.00, 14.50 and 14.00 price levels. Resistance: 15.50, 16.20, 16.60 Support: 15.00, 14.50, 14.00 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. View All Post By FX Street FXStreet News share Read Next EUR/USD: Heading towards a critical Fibonacci resistance level at 1.0950 FX Street 2 years XAG/USD bounced up sharply from the 2020 lows as the Federal Reserve introduced its largest stimulus package in history. The level to beat for buyers is the 15.50 resistance. Silver daily chart Following the sharp selloff to 2009 lows, XAG/USD bounced up as the Fed introduced a limitless Quantitative Easing (QE) in response to the coronavirus crisis. Silver four-hour chart Silver is about to challenge the 15.50 resistance and the 200 SMA on the four-hour chart as bulls remain in control while a break above this level should inroduce scope for further advances towards the 16.20… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
