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  • XAG/USD is falling to 2-day lows testing the 50 SMA on the four-hour chart.
  • The level to beat for bears is the 17.25 support.
 

Silver four-hour chart 

 
Silver is dropping below $18.00/oz while challenging the 50 SMA on the four-hour chart. A continuation of the bear move can extend to the 17.25 and 16.75 support levels in the medium-term. On the flip side, if the bulls can gather some traction, resistance can emerge near the 17.75 level followed by 18.40 resistance. 
 
 
Resistance: 17.75, 18.40, 18.80
Support: 17.25, 16.75, 16.10
 
 

Additional key levels