1 May 2020
Silver Asia Price Forecast: XAG/USD remains sidelined, trades near $15.00/oz
- XAG/USD dips to near $15.00 per ounce in the Thursday session.
- The level to beat for buyers remain the 15.43 resistance.
Silver four-hour chart
XAG/USD stays sidelined near $15.00/oz below the 50 and 100 SMAs and above the 200 SMA on the four-hour chart. The bullish correction from 2020 lows remains intact as buyers are still eyeing for a breakout beyond the 15.43 resistance en route towards the 15.85 and 16.50 levels. Conversely, 15.00 should act as support followed by 14.50 price level.
Resistance: 15.43, 15.85, 16.50
Support: 15.00, 14.50, 13.90
Additional key levels