Back
12 May 2020
Silver Price Analysis: XAG/USD pressuring May highs, bullish
- Silver trades above $15.40 per troy after last week advance.
- The level to beat for buyers is the 15.85 resistance.
Silver four-hour chart
XAG/USD is consolidating the recent bullish push witnessed at the end of the last week while currently holding above the 15.40 level and the main SMAs on the four-hour chart. Buyers should stay in control with a possible continuation towards the 15.85 level and 16.50 in the medium-term. Support could 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