FxWirePro: Silver erases previous loss against U.S. dollar, stay long only above $18.20 mark

• XAG/USD is currently trading around $18.13 marks.
   
• It made intraday high at $18.19 and low at $17.98 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $17.87 mark.
   
• A daily close above $18.02 will test key resistances at $18.22, $18.47, $18.87, $18.98, $19.08 and $19.24 marks respectively.
   
• On the other side, a daily close below $18.00 will take the parity down towards key supports at $17.87, $17.70, $17.62 and $17.47 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 only above $18.20, stop loss at $17.94 and target of $18.47.