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1 Jun 2020
Silver New York Price Forecast: XAG/USD trades in 3-month highs above $18.00/oz
- XAG/USD is spiking to levels last seen in late February 2020.
- The level to beat for buyers is the 18.40 resistance.
Silver four-hour chart
XAG/USD is trading in 3-month highs just under the $18.40 per troy ounce resistance. Silver remains bullish above the main SMAs on the four-hour chart. However, bulls would need a successful break above the 18.40 level to climb further towards the 18.80 and 19.00 levels. On the flip side, a break below the 17.75 support can see some retracement action towards the 17.25 level.
Resistance: 18.40, 18.80, 19.00
Support: 17.75, 17.25, 16.75
Additional key levels