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- XAG/USD is currently trading around $17.96 marks.
- It made intraday high at $17.97 and low at $17.71 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $18.22 marks.
- A daily close above $18.22 will test key resistances at $18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.69 will take the parity down towards key supports at $17.48, $17.12, $17.12 and $16.92 marks respectively.
We prefer to go short on XAG/USD around $18.06 with stop loss at $18.22 and target of $17.69/$17.48/$17.12.
