- The XAG / USD drops to 2-day lows when testing the 50 SMA on the four-hour chart.
- The level to beat for bears is the support of 17.25.
Four hour silver chart
Silver falls below $ 18.00 / oz while challenging the 50 SMA on the four hour chart. The continuation of the bearish movement can extend to the support levels of 17.25 and 16.75 in the medium term. On the other hand, if the bulls can gather some traction, resistance may emerge near the level of 17.75 followed by resistance of 18.40.
Resistance: 17.75, 18.40, 18.80
Support: 17.25, 16.75, 16.10