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- XAG/USD is currently trading around $14.93 marks.
- It made intraday high at $14.99 and low at $14.68 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $15.02 mark.
- A daily close above $15.02 will test key resistances at $15.22, $15.40, $15.57, $15.86, $16.12 and $16.38 marks respectively.
- On the other side, a daily close below $14.87 will take the parity down towards key supports at $14.77, $14.68, $14.40, $13.97 and $13.81 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on XAG/USD around $14.96, stop loss at $15.03 and target of $14.68/$14.40.
