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- XAG/USD is currently trading around $17.12 marks.
- It made intraday high at $17.21 and low at $17.09 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $17.21 mark.
- A daily close above $17.21 will test key resistances at $17.45/$17.68/$17.72/$17.98/$18.24 marks respectively.
- On the other side, a daily close below $17.21 will take the parity down towards key supports at $17.09/$16.88/$16.72/$16.40/$16.28/$16.14 marks respectively.
We prefer to go short on XAG/USD only below $17.09 with stop loss at $17.22 and target of $16.87.
