- The XAG / USD reached its highest level since early March.
- The level to beat for bulls is resistance at 17.45.
Four hour silver chart
The XAG / USD hit 10-week highs while silver defies resistance at 17.40. The bulls remain under control and a break above the level mentioned may lead to further price increases to higher levels around 18.20 and 18.80. On the other hand, support can be seen near the levels of 16.65 and 15.84 initially.
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42