FxWirePro: Silver hits fresh 3-month high at $17.74 mark, consistent close above targets $18.26
XAG/USD is currently trading around $17.67 marks. It made intraday high at $17.74 and low at $17.65 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.72 mark. A daily close above $17.72…
It made intraday high at $17.74 and low at $17.65 levels.
Intraday bias remains neutral till the time pair holds key resistance at $17.72 mark.
A daily close above $17.72 will test key resistances at $17.85/$17.99/$18.12/$18.26/$18.47 marks respectively.
On the other side, a daily close below $17.72 will take the parity down towards key supports at $17.38/$17.22/$17.06/$16.99/$16.85/$16.70/$16.57/$16.37/$16.20/$16.05 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on XAG/USD only above $17.72 with stop loss at $17.42 and target of $17.99/$18.26.
