FxWirePro: Silver hovers around $19.00 mark, Fed Chair Yellen’s testifies in focus

• XAG/USD is currently trading around $19.03 marks.
   
• It made intraday high at $19.18 and low at $19.01 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at $19.32 marks. 
   
• A daily close above $19.32 will test key resistances at $19.52/$19.78/$19.92/$20.05/20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
   
• Alternatively, a daily close below $19.01 will take the parity down towards key supports at $18.92, $18.77, $18.62 and $18.44 marks respectively.

We prefer to go short on XAG/USD only below $19.01 with stop loss at $19.32 and target of $18.92/$18.77/$18.44.