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18 May 2020
Silver New York Price Forecast: XAG/USD trades off 10-week highs
- XAG/USD runs to its highest since early-March.
- The level to beat for bulls is the 17.45 resistance.
Silver four-hour chart
XAG/USD is spiking up to 10-week highs as silver is challenging the 17.40 resistance. Bulls remain in control and a break above the mentioned level can lead to further price advances towards higher levels near 18.20 and 18.80. On the flip side, support can be seen near the 16.65 and 15.84 levels initially.
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42
Additional key levels