FxWirePro: Silver remains highly volatile ahead of U.S. ISM non – manufacturing PMI, factory orders data; faces key resistance at $18.20 mark
XAG/USD is currently trading around $18.09 marks. It made intraday high at $18.21 and low at $17.92 levels. Intraday bias remains neutral for the moment. A daily close above $18.20 will test key resistances at $18.49, $1…
It made intraday high at $18.21 and low at $17.92 levels.
Intraday bias remains neutral for the moment.
A daily close above $18.20 will test key resistances at $18.49, $18.65, $18.87 and $18.98 marks respectively.
On the other side, a daily close below $18.12 will take the parity down towards key supports at $17.92, $17.74, $17.62, $17.35 and $17.17 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 $18.05, stop loss at $17.90 and target of $18.49/$18.65.
