FxWirePro: Silver rejects key support at $14.87 mark, stay bullish only above $15.08 mark

• XAG/USD is currently trading around $15.06 marks.
   
• It made intraday high at $15.08 and low at $14.94 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at $14.87 mark.
   
• A daily close above $14.94 will test key resistances at $15.08, $15.17, $15.40, $15.49, $15.57 and $15.68 marks respectively.
   
• On the other side, a daily close below $14.94 will take the parity down towards key supports at $14.87 and $14.62 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on XAG/USD only above $15.08, stop loss at $14.90 and target of $15.40.