- XAG/USD is currently trading around $18.24 marks.
- It made intraday high at $18.32 and low at $18.04 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $18.32 mark.
- A daily close above $18.16 will test key resistances at $18.32, $18.61, $18.78 and $19.02 marks respectively.
- On the other side, a daily close below $18.16 will take the parity down towards key supports at $17.90, $17.40, $17.02, $16.70 and $16.57 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 only above $18.32, stop loss at $18.05 and target of $18.61/$18.78.
