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- XAG/USD is currently trading around $15.06 marks.
- It made intraday high at $15.07 and low at $14.95 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $14.95 mark.
- A daily close above $14.97 will test key resistances at $15.15, $15.32, $15.47, $15.52, $15.65, $15.85, $15.96, $16.08, $16.20, $16.40 and $16.55 marks respectively.
- On the other side, a daily close below $14.97 will take the parity down towards key supports at $14.87, $14.77, 14.36, 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 short position on XAG/USD around $15.12, stop loss $15.28 and target of $14.77/14.36.
