FxWirePro: Silver exhibits range bound movement, sustained close below $17.37 targets $17.09

• XAG/USD is currently trading around $17.43 marks.
   
• It made intraday high at $17.44 and low at $17.36 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at $17.29 marks. 
   
• A daily close above $17.48 will test key resistances at $17.65/$17.82/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
   
• Alternatively, a daily close below $17.37 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 short on XAG/USD around $17.45 with stop loss at $17.65 and target of $17.09.