FxWirePro: Silver remains well supported above $17.70 mark, stay long

• XAG/USD is currently trading around $17.86 marks.
   
• It made intraday high at $17.93 and low at $17.74 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $17.74 mark.
   
• A daily close above $17.87 will test key resistances at $18.03, $18.22, $18.47 and $18.65 marks respectively.
   
• On the other side, a daily close below $17.74 will take the parity down towards key supports at $17.62, $17.35, $17.17, $17.02, $16.74, $16.57 and $16.40 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 $17.85, stop loss at $17.70 and target of $18.03/$18.22.