- The XAG / USD stabilizes near the levels observed at the end of February 2020.
- The level to beat for bulls is resistance at 18.40.
Four hour silver chart
Silver remains at 3-month highs just below the resistance level of $ 18.40 per troy ounce. The bullish XAG / USD remains in charge but a clear break above the level of 18.40 would be necessary for the market to move north towards the levels of 18.80 and 19.00. However, a turn below the support of 17.75 can lead to some retracement down to the level of 17.25.
Resistance: 18.40, 18.80, 19.00
Support: 17.75, 17.25, 16.75