FxWirePro: Silver back around $17.30, intraday bias remains slightly bearish
XAG/USD is currently trading around $17.29 marks. It made intraday high at $17.43 and low at $17.27 levels. Intraday bias remains bearish for the moment. Alternatively, a daily close below $17.06 will drag the parity dow…
It made intraday high at $17.43 and low at $17.27 levels.
Intraday bias remains bearish for the moment.
Alternatively, a daily close below $17.06 will drag the parity down around $16.97/$16.88/$16.85 levels respectively.
On the top side, key resistance is seen at $17.32. A sustained close above will take the parity up towards $17.37/ $17.44/ $17.55/$17.67 levels respectively.
We prefer to take short position in XAG/USD around $17.30, stop loss $17.37 and target $17.11/ $16.88 marks.
