Silver Price Analysis: XAG/USD pressuring May highs, bullish

Silver trades above $15.40 per troy after last week advance.
The level to beat for buyers is the 15.85 resistance.

Silver four-hour chart

XAG/USD is consolidating the recent bullish push witnessed at the end of the last week while currently holding above the 15.40 level and the main SMAs on the four-hour chart. Buyers should stay in control with a possible continuation towards the 15.85 level and 16.50 in the medium-term. Support could emerge near 15.40 and 15.00 levels.

Resistance: 15.85, 16.50, 17.00

Support: 15.40, 15.00, 14.50

Additional key levels

May 12, 2020

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