Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Silver erases previous losses and remains well supported above $17, good to buy on dips

  • XAG/USD is currently trading around $17.19 marks.
     
  • It made intraday high at $17.22 and low at $17.06 levels.
     
  • Intraday bias remains bullish till the time pair holds immediate support level at $16.88 marks.
     
  • On the top side, key resistance is seen at $17.22. A sustained close above will take the parity up towards $17.32/$17.37/ $17.44/ $17.67 levels respectively.
     
  • Alternatively, a daily close below $17.11 will drag the parity down around $16.97/$16.88 /$16.85 levels respectively.

We prefer to take long position in XAG/USD around $17.15, stop loss $17.06 and target $17.22/ $17.32 marks.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.