FxWirePro: Silver remains well supported above $15.40 mark, stay bullish
XAG/USD is currently trading around $15.40 marks. It made intraday high at $15.44 and low at $15.37 levels. Intraday bias remains neutral for the moment. A daily close above $15.43 will test key resistances at $15.48, $1…
It made intraday high at $15.44 and low at $15.37 levels.
Intraday bias remains neutral for the moment.
A daily close above $15.43 will test key resistances at $15.48, $15.58, $15.72 and $15.85 marks respectively.
On the other side, a daily close below $15.43 will take the parity down towards key supports at $15.30, $15.20, $15.02, $14.87, $14.76, $14.62, $14.52, $14.47 and $14.40 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 $15.40, stop loss $15.27 and target of $15.58.
