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- XAG/USD is currently trading around $16.82 marks.
- It made intraday high at $16.86 and low at $16.49 levels.
- Intraday bias remains neutral till the time pair holds immediate resistance at $16.87 marks.
- A daily close above $16.87 will test key resistances at $16.99/$17.08/$17.22/$17.45/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52/$19.72 marks respectively.
- A daily close below $16.42 will take the parity down towards key supports at $16.33/$16.22/$15.93 marks respectively.
We prefer to go long on XAG/USD only above $16.87 with stop loss at $16.49 and target of $16.99/$17.08.
