FxWirePro: Prefer to go short on XAG/USD around $19.65 with stop loss at $19.87 and target of $19.19

• XAG/USD is currently trading around $19.61 marks.
   
• It made intraday high at $19.75 and low at $19.54 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at $19.87 levels.
   
• A daily close below $19.62 will take the parity down towards key supports at $19.47, $19.35, $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
   
• On the other side, a daily close above $19.87 will test key resistances at $20.05/$20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
   
• Important to note here that in a daily chart 20D, 30D and 55D EMA heads up and confirms the bullish trend. Current downside movement is short term trend correction only.

We prefer to go short on XAG/USD around $19.65 with stop loss at $19.87 and target of $19.19.