- XAG/USD is currently trading around $16.51 marks.
- It made intraday high at $16.56 and low at $16.21 levels.
- Intraday bias remains neutral till the time pair holds immediate resistance at $16.75 marks.
- A daily close above $16.50 will test key resistances at $16.87/$16.99/$17.08/$17.22/$17.45/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- On the other side, a daily close below $16.48 will take the parity down towards key supports at $16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.
We prefer to take short position in XAG/USD around $16.55 with stop loss at $16.75 and target of $16.11.
