Silver New York Price Forecast: XAG/USD kicks off the week stable near $17.00/oz

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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. 
 

https://editorial.fxstreet.com/miscelaneous/240-637260078396176538.png

 
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
 

 

Additional key levels

XAG/USD

Overview
Today last price17.08
Today Daily Change-0.15
Today Daily Change %-0.87
Today daily open17.23

 

Trends
Daily SMA2015.81
Daily SMA5014.97
Daily SMA10016.35
Daily SMA20016.95

 

Levels
Previous Daily High17.25
Previous Daily Low16.73
Previous Weekly High17.63
Previous Weekly Low16.63
Previous Monthly High15.85
Previous Monthly Low13.82
Daily Fibonacci 38.2%17.05
Daily Fibonacci 61.8%16.93
Daily Pivot Point S116.88
Daily Pivot Point S216.54
Daily Pivot Point S316.36
Daily Pivot Point R117.41
Daily Pivot Point R217.6
Daily Pivot Point R317.94