FxWirePro: Silver remains well supported above $18.22 mark, stay bullish
XAG/USD is currently trading around $18.27 marks. It made intraday high at $18.29 and low at $18.22 levels. Intraday bias remains bullish till the time pair holds key support at $18.00 mark. A daily close above $18.22 wi…
It made intraday high at $18.29 and low at $18.22 levels.
Intraday bias remains bullish till the time pair holds key support at $18.00 mark.
A daily close above $18.22 will test key resistances at $18.27/$18.35/$18.48/$18.72 marks respectively.
On the other side, a daily close below $18.22 will take the parity down towards key supports at $18.01/$17.90/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87/$16.65/$16.48/$16.36/$16.23/$15.85 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 go long on XAG/USD around $18.25 with stop loss at $18.00 and target of $18.48.
