Silver New York Price Forecast: XAG/USD kicks off the week stable near $17.00/oz
by Flavio Tosti- XAG/USD is trading near its highest 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 trading close to 10-week tops below the 17.45 resistance. Buyers should remain in charge but need a sustained break above the mentioned level possibly on a daily closing basis. Potential targets to the upside can be located near the 18.20 and 18.80 levels. On the flip side, retracements down can find initial support near the 16.80 and 15.84 levels.
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
Additional key levels
XAG/USD
Overview | |
---|---|
Today last price | 17.08 |
Today Daily Change | -0.15 |
Today Daily Change % | -0.87 |
Today daily open | 17.23 |
Trends | |
---|---|
Daily SMA20 | 15.81 |
Daily SMA50 | 14.97 |
Daily SMA100 | 16.35 |
Daily SMA200 | 16.95 |
Levels | |
---|---|
Previous Daily High | 17.25 |
Previous Daily Low | 16.73 |
Previous Weekly High | 17.63 |
Previous Weekly Low | 16.63 |
Previous Monthly High | 15.85 |
Previous Monthly Low | 13.82 |
Daily Fibonacci 38.2% | 17.05 |
Daily Fibonacci 61.8% | 16.93 |
Daily Pivot Point S1 | 16.88 |
Daily Pivot Point S2 | 16.54 |
Daily Pivot Point S3 | 16.36 |
Daily Pivot Point R1 | 17.41 |
Daily Pivot Point R2 | 17.6 |
Daily Pivot Point R3 | 17.94 |