FxWirePro: Silver rejects key support at $14.90 mark, U.S. retail sales data in focus
XAG/USD is currently trading around $15.30 marks. It made intraday high at $15.33 and low at $15.19 levels. Intraday bias remains neutral for the moment. A daily close above $15.31 will test key resistances at $15.47 and…
It made intraday high at $15.33 and low at $15.19 levels.
Intraday bias remains neutral for the moment.
A daily close above $15.31 will test key resistances at $15.47 and $15.62 marks respectively.
On the other side, a daily close below $15.31 will take the parity down towards key supports at $15.07, $14.90, $14.80, $14.68 and $14.52 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 around $15.24, stop loss at $15.07 and target of $15.47/$15.62.
