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- XAG/USD is currently trading around $14.59 marks.
- It made intraday high at $14.60 and low at $14.31 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above $14.41 will test key resistances at $14.76, $15.05, $15.15, $15.32 and $15.47 marks respectively.
- On the other side, a daily close below $14.41 will take the parity down towards key supports at $14.31, $14.12, 13.99 and 13.62 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $14.58, stop loss $14.45 and target of $14.77.
