- XAG/USD is currently trading around $17.70 marks.
- It made intraday high at $17.79 and low at $17.63 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $18.22 marks.
- A daily close above $18.22 will test key resistances at $18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.60 will take the parity down towards key supports at $17.48, $17.32, $17.12 and $16.92 marks respectively.
We prefer to go short on XAG/USD around $17.72-$17.75 with stop loss at $17.99 and target of $17.48/$17.32/$17.12.
