FxWirePro: Silver fails to find support above $14.90 mark, further sideways movement likely

• XAG/USD is currently trading around $14.67 marks.
   
• It made intraday high at $14.75 and low at $14.64 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above $14.87 will test key resistances at $14.98, $15.10, $15.32 and $15.47 marks respectively.
   
• On the other side, a daily close below $14.47 will take the parity down towards key supports at $14.32, $14.18, $14.07 and $13.99 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on XAG/USD around $14.70, stop loss $14.78 and target of $14.47.