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- XAG/USD is currently trading around $15.33 marks.
- It made intraday high at $15.42 and low at $15.30 levels.
- Intraday bias remains neutral for the moment.
- A daily close above $15.40 will test key resistances at $15.48, $15.55 and $15.68 marks respectively.
- On the other side, a daily close below $15.32 will take the parity down towards key supports at $15.17, $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 short position on XAG/USD around $15.35, stop loss at $15.43 and target of $15.17.
