FxWirePro: Silver higher in early hours of Asia, stay bullish only above $16.87

• 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.