FxWirePro: Silver exhibits range bound movement, consistent break above $17.72 requires for the rally

• XAG/USD is currently trading around $17.77 marks.
   
• It made intraday high at $17.84 and low at $17.70 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at $17.33 marks. 
   
• A daily close above $17.72 will test key resistances at $17.87/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
   
• Alternatively, a daily close below $17.33 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.

We prefer to go long on XAG/USD around $17.72 with stop loss at 17.33 and target of $17.87/$17.99/$18.06.