FxWirePro: Silver moves in stiff boundaries ahead of U.S. NFP job data, stay long only above $17.02 mark

• XAG/USD is currently trading around $16.89 marks.
   
• It made intraday high at $16.95 and low at $16.84 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at $17.02 mark.
   
• A daily close above $16.94 will test key resistances at $17.02, $17.18, $17.32, $17.40, $17.68, $17.87 and $18.02 marks respectively.
   
• On the other side, a daily close below $16.83 will take the parity down towards key supports at $16.74, $16.57, $16.40, $16.17 and $16.02 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 long position on XAG/USD only above $17.02, stop loss at $16.78 and target of $17.18/$17.32.