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15 May 2020
Silver New York Price Forecast: XAG/USD rises to 2-month highs
- XAG/USD runs to its highest since mid-March.
- The level to beat for buyers is the 16.50 resistance.
Silver four-hour chart
XAG/USD is spiking up to 2-month highs as the market is challenging the 16.50 resistance. Buyers remain in full control of XAG/USD and a break above the mentioned level should lead to further price appreciation towards higher levels near 17.45 and 18.20. On the flip side, support can be seen near the 15.84 and 15.42 levels initially.
Resistance: 16.50, 17.45, 18.20
Support: 15.84, 15.42, 15.00
Additional key levels