FxWirePro: Silver fails to drop below $19.35, good to buy on dips

• XAG/USD is currently trading around $19.87 marks.
   
• It made intraday high at $19.91 and low at $19.64 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $19.62 levels.
   
• A daily close below $19.62 will take the parity down towards key supports at $19.47, $19.35, $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
   
• On the other side, a daily close above $19.88 will test key resistances at $20.05/$20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
   
• Important to note here that in a daily chart 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to go long on XAG/USD above $19.88 with stop loss at $19.62 and target of $20.08/$20.22/$20.46.