FxWirePro: Silver hovers around fresh 3-week low at $18.69, consistent break below targets $18.17
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 $19.3…
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.