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- XAG/USD is currently trading around $15.24 marks.
- It made intraday high at $15.26 and low at $15.22 levels.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from $15.22 to $15.32 mark.
- A daily close above $15.24 will test key resistances at $15.32, $15.47, $15.68, $15.87 and $15.96 marks respectively.
- On the other side, a daily close below $15.24 will take the parity down towards key supports at $15.17, $15.08, $14.97, $14.85 and $14.72 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on XAG/USD around $15.26, stop loss $15.34 and target of $15.17/$15.08.
