- XAG/USD is currently trading around $18.65 marks.
- It made intraday high at $18.68 and low at $18.36 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $18.25 marks.
- A daily close above $18.50 will test key resistances at $18.68/$18.72/$18.88/$19.29/$19.72 marks respectively.
- Alternatively, a daily close below $18.50 will take the parity down towards key supports at $18.38/$18.25/$17.82/$17.52/$17.33/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go short on XAG/USD around $18.68-$18.72 with stop loss at $18.99 and target of $18.50/$18.25.
