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- XAG/USD is currently trading around $17.60 marks.
- It made intraday high at $17.62 and low at $17.53 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $17.87 marks.
- A daily close above $17.87 will test key resistances at $17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.33 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go short on XAG/USD around $17.62 with stop loss at 17.87 and target of $17.37$17.26.
