FxWirePro: Silver rises noticeably against U.S. dollar, stay bullish
XAG/USD is currently trading around $15.60 marks. It made intraday high at $15.64 and low at $15.50 levels. Intraday bias remains bullish till the time pair holds key support at $15.53 mark. A daily close above $15.53 wi…
It made intraday high at $15.64 and low at $15.50 levels.
Intraday bias remains bullish till the time pair holds key support at $15.53 mark.
A daily close above $15.53 will test key resistances at $15.68, $15.80 and $15.96 marks respectively.
On the other side, a daily close below $15.53 will take the parity down towards key supports at $15.40, $15.22, $15.17, $15.07 and $14.87 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 $15.55, stop loss at $15.47 and target of $15.96.
