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  • XAG/USD is stabilizing near levels last seen in late February 2020.
  • The level to beat for bulls is the 18.40 resistance.  
 

Silver four-hour chart 

 
Silver is holding in 3-month highs just below the $18.40 per troy ounce resistance level. XAG/USD  bulls remain in charge but a clear break above the 18.40 level would be needed for the market to march north towards the 18.80 and 19.00 levels. On the other hand, a turn below the 17.75 support can lead to some retracement down towards the 17.25 level.  
 
 
Resistance: 18.40, 18.80, 19.00
Support: 17.75, 17.25, 16.75
 
 

Additional key levels