- XAG/USD is currently trading around $15.08 marks.
- It made intraday high at $15.09 and low at $14.90 levels.
- Intraday bias remains neutral for the moment.
- A daily close above $15.11 will test key resistances at $15.17, $15.28, $15.32, $15.47 and $15.62 marks respectively.
- On the other side, a daily close below $15.00 will take the parity down towards key supports at $14.90, $14.80, $14.68 and $14.52 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 $15.15, stop loss at $15.23 and target of $14.87.
