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- XAG/USD is currently trading around $15.20 marks.
- It made intraday high at $15.31 and low at $15.17 levels.
- Intraday bias remains neutral till the time pair holds key support at $15.17 mark.
- A daily close above $15.32 will test key resistances at $15.49, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $15.12 will take the parity down towards key supports at $15.02, $14.87 and $14.62 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on XAG/USD only below $15.17, stop loss at $15.32 and target of $15.02/$14.87.
