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14 May 2020
Silver New York Price Forecast: XAG/USD trades sideways above $15.40/oz
- XAG/USD is sidelined above $15.40 per troy ounce after last week bullish-run.
- The level to beat for buyers is the 15.85 resistance.
Silver four-hour chart
XAG/USD is consolidating the recent bullish move which happened at the end of the last week while this market is holding above the 15.40 level and the main SMAs on the four-hour chart. Buyers remain in control with their eyes set on the 15.85 level and 16.50 in the medium-term. Support can emerge near the 15.40 and 15.00 levels.
Resistance: 15.85, 16.50, 17.00
Support: 15.40, 15.00, 14.50
Additional key levels