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- XAG/USD is currently trading around $19.12 marks.
- It made intraday high at $19.30 and low at $19.01 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $19.32 marks.
- A daily close above $19.32 will test key resistances at $19.64/$19.75/$19.91/$20.10/$20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
- Alternatively, a daily close below $19.10 will take the parity down towards key supports at $18.92, $18.77, $18.62, $18.44, $18.17, $17.69, $17.50 and $17.08 marks respectively.
- Later today FOMC will release interest rate decision.
We prefer to go short on XAG/USD around $19.15 with stop loss at $19.32 and target of $18.62.
