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- XAG/USD is currently trading around $16.09 marks.
- It made intraday high at $16.19 and low at $16.02 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.24 levels.
- A daily close above $16.07 will test key resistances at $16.24/$16.32/$16.46/$16.62/$16.76/$16.90/$17.02/$17.22/$17.48 marks respectively.
- On the other side, a daily close below $16.07 will take the parity down towards key supports at $15.89/$15.79/$15.32/$15.01 marks respectively.
We prefer to go short on XAG/USD around $16.10 with stop loss at $16.24 and target of $15.89/$15.85/$15.79.
