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- XAG/USD is currently trading around $17.44 marks.
- It made intraday high at $17.53 and low at $17.37 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $17.75 marks.
- A daily close above $17.75 will test key resistances at $17.82/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.48 will take the parity down towards key supports at $17.37/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go short on XAG/USD around $17.70 with stop loss at 17.75 and target of $17.26/$17.09.
