FxWirePro: Silver back above $15.50 mark in European hours, stay bullish
XAG/USD is currently trading around $15.52 marks. It made intraday high at $15.52 and low at $15.34 levels. Intraday bias remains bullish till the time pair holds key support at $15.32 mark. A daily close above $15.45 wi…
It made intraday high at $15.52 and low at $15.34 levels.
Intraday bias remains bullish till the time pair holds key support at $15.32 mark.
A daily close above $15.45 will test key resistances at $15.53, $15.62 and $15.84 marks respectively.
On the other side, a daily close below $15.45 will take the parity down towards key supports at $15.32, $15.22, $15.16, $15.07 and $14.90 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on XAG/USD around $15.50, stop loss at $15.32 and target of $15.84.
