- XAG/USD is currently trading around $14.71 marks.
- It made intraday high at $14.74 and low at $14.62 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $14.62 mark.
- A daily close above $14.72 will test key resistances at $14.72, $14.78, $14.82, $14.98, $15.10, $15.32 and $15.47 marks respectively.
- On the other side, a daily close below $14.72 will take the parity down towards key supports at $14.47, $14.35, $14.22, $14.05, $13.90, $13.82, $13.68 and 13.51 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 long position on XAG/USD around $14.70, stop loss $14.60 and target of $14.98.
