- XAG/USD is currently trading around $18.70 marks.
- It made intraday high at $18.88 and low at $18.35 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $18.99 marks.
- A daily close above $18.62 will test key resistances at $18.99/$19.29/$19.52/$19.72 marks respectively.
- Alternatively, a daily close below $18.62 will take the parity down towards key supports at $18.48/$18.38/$18.25/$17.82/$17.52/$17.33/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go short on XAG/USD around $18.75 with stop loss at $18.99 and target of $18.62/$18.50/$18.25.
