FxWirePro: Silver hovers around key resistance at $15.92, a break will target $16.34/$17.75 marks

• XAG/USD is currently trading around $15.90 marks.
   
• It made intraday high at $15.93 and low at $15.76 levels.
   
• Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.85 marks.
   
• On the top side, key resistance is seen at $15.92. A sustained break will take the parity towards $16.34/$17.75 levels.
   
• Alternatively, a daily close below $15.77 will drag the parity back below $15.52/15.26 level.
   
• Initial support levels are seen at $15.76, $15.73 and $15.32 marks.
   
• Resistance levels are seen at $15.93, $16.34 and $17.75 thereafter.

We prefer to take long position in XAG/USD only above $15.98, stop loss $15.83 and target $16.34 marks.