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- XAG/USD is currently trading around $15.18 marks.
- It made intraday high at $15.33 and low at $15.15 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $15.32 mark.
- A daily close above $15.32 will test key resistances at $15.40, $15.57, $15.86, $16.12 and $16.38 marks respectively.
- On the other side, a daily close below $15.18 will take the parity down towards key supports at $15.02, $14.87, $14.68, $14.40, $13.97 and $13.81 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 short position on XAG/USD around $15.24, stop loss at $15.34 and target of $15.02/14.87.
