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- XAG/USD is currently trading around $18.77 marks.
- It made intraday high at $18.87 and low at $18.71 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 $18.60 will take the parity down towards key supports at $18.46, $18.36 and $18.17 marks respectively.
We prefer to go short on XAG/USD around $18.83 with stop loss at $19.01 and target of $18.46/$18.17.
