FxWirePro: Silver hits fresh 3-month high at $15.37 mark, stay bullish
XAG/USD is currently trading around $15.33 marks. It made intraday high at $15.37 and low at $15.10 levels. Intraday bias remains bullish for the moment. A daily close above $15.13 will test key resistances at $15.37, $1…
It made intraday high at $15.37 and low at $15.10 levels.
Intraday bias remains bullish for the moment.
A daily close above $15.13 will test key resistances at $15.37, $15.48 and $15.68 marks respectively.
On the other side, a daily close below $15.13 will take the parity down towards key supports at $15.02, $14.87, $14.62, $14.47 and $14.20 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $15.30, stop loss at $15.02 and target of $15.48/$15.55.
