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2 Jun 2020
Silver Price Analysis: XAG/USD parked above $18.00/oz
- XAG/USD is stabilizing near levels last seen in late February 2020.
- The level to beat for bulls is the 18.40 resistance.
Silver four-hour chart
Silver is holding in 3-month highs just below the $18.40 per troy ounce resistance level. XAG/USD bulls remain in charge but a clear break above the 18.40 level would be needed for the market to march north towards the 18.80 and 19.00 levels. On the other hand, a turn below the 17.75 support can lead to some retracement down towards the 17.25 level.
Resistance: 18.40, 18.80, 19.00
Support: 17.75, 17.25, 16.75
Additional key levels