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11 May 2020
Silver New York Price Forecast: XAG/USD holds above $15.40/oz, bullish
- Silver holds above $15.40 per troy following last week advance.
- The level to beat for bulls is the 15.85 resistance.
Silver four-hour chart
XAG/USD consolidates the bullish advance seen at the end of last week while holding above the 15.40 level and the main SMAs on the four-hour chart. Bulls are likely setting their eyes on the 15.85 level and 16.50 in the medium-term. Support is expected to emerge near 15.40 and 15.00 levels.
Resistance: 15.85, 16.50, 17.00
Support: 15.40, 15.00, 14.50
Additional key levels