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FxWirePro: Silver firms ahead of NFP results, good to buy on dips

XAG/USD is currently trading around $15.37 levels. It made intraday high at $15.44 and low at $15.34 levels. Intraday bias remains bullish for the moment. A daily close below $15.17 will tests key supports at $15.01, $14…

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FxWirePro: Silver firms ahead of NFP results, good to buy on dips
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  • XAG/USD is currently trading around $15.37 levels.
     
  • It made intraday high at $15.44 and low at $15.34 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below $15.17 will tests key supports at $15.01, $14.94 and $14.55 marks respectively.
     
  • Alternatively, a current rebound from $15.17 will likely to test key resistances at $15.42/ $15.60 and $15.72 marks.
     
  • Later today, US will release NFP job results. This will provide further directions to the parity.

We prefer to tale long position in XAG/USD around $15.37, stop loss $15.32 and target $15.60 levels.

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