FxWirePro: Silver remains well supported above $17.00 mark, U.S. economic data in focus

• XAG/USD is currently trading around $17.16 marks.
   
• It made intraday high at $17.20 and low at $17.07 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $17.07 mark.
   
• A daily close above $17.15 will test key resistances at $17.23, $17.33 and $17.54 marks respectively.
   
• On the other side, a daily close below $17.15 will take the parity down towards key supports at $17.07, $16.90, $16.72, $16.58 and $16.42 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Later today U.S. will release Empire state manufacturing index, capacity utilisation rate, industrial production as well as UoM consumer sentiment index data.

We prefer to take long position on XAG/USD around $17.14, stop loss $17.05 and target of $17.33/$17.46.