- XAG / USD hovers at its highest level since early March.
- The level to beat for the bulls is the resistance of 17.45 at the daily close.
Four hour silver chart
The XAG / USD maintains 10-week highs near the resistance of 17.45. Buyers remain in control and a breakout above the level mentioned on a daily closing basis may result in further gains around 18.20 and 18.80. On the other hand, the downward retracements can find support near the levels of 16.65 and 15.84 initially.
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42