FxWirePro: Silver hits fresh 6-month high at $15.85 mark, U.S. NFP job data in focus
XAG/USD is currently trading around $15.81 marks. It made intraday high at $15.85 and low at $15.70 levels. Intraday bias remains bullish for the moment. A daily close above $15.72 will test key resistances at $15.85, $1…
It made intraday high at $15.85 and low at $15.70 levels.
Intraday bias remains bullish for the moment.
A daily close above $15.72 will test key resistances at $15.85, $15.96, $16.04, $16.20 and $16.32 marks respectively.
On the other side, a daily close below $15.72 will take the parity down towards key supports at $15.57, $15.47, $15.40, $15.30, $15.20 and $15.02 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 take long position on XAG/USD around $15.78, stop loss $15.68 and target of $15.96/$16.04.
