FxWirePro: Silver hits fresh 15 –month high, good to buy on dips

• XAG/USD is currently trading around $17.74 marks.
   
• It made intraday high at $17.85 and low at $17.52 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support level at $17.52 marks.
   
• On the top side, key resistance is seen at $17.85. A sustained close above will take the parity up towards $17.90/$18.00/$18.26 levels respectively.
   
• Alternatively, a daily close below $17.52 will drag the parity down around $17.45/$17.37/$17.22/$17.11 levels respectively.

We prefer to take long position in XAG/USD around $17.72, stop loss $17.52 and target $17.90/$18.00 marks.