FxWirePro: Silver likely to consolidate around $17.25 mark, sustained close below targets $16.78 mark

• XAG/USD is currently trading around $17.20 marks.
   
• It made intraday high at $17.48 and low at $17.03 levels.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at $17.45 marks. 
   
• A daily close above $17.45 will test key resistances at $17.82/$18.25/$18.48/$18.99/$19.29/$19.52/$19.72 marks respectively.
   
• Alternatively, a daily close below $17.25 will take the parity down towards key supports at $16.92/$16.78/$16.33/$15.93 marks respectively.

We prefer to go short on XAG/USD around $17.22 with stop loss at $17.45 and target of $17.03/$16.92/$16.78.