FxWirePro: Silver marginally lower in early hours of Asia, sustained close below $17.38 targets $17.09

• XAG/USD is currently trading around $17.41 marks.
   
• It made intraday high at $17.48 and low at $17.38 levels.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at $17.65 marks. 


• A daily close above $17.65 will test key resistances at $17.82/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
   
• Alternatively, a daily close below $17.38 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.

We prefer to go short on XAG/USD around $17.45 with stop loss at $17.65 and target of $17.09.