FxWirePro: Silver rises sharply after lower than expected NFP job data, upside limited

• XAG/USD is currently trading around $17.70 marks.
   
• It made intraday high at $17.76 and low at $17.50 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at $17.50 marks. 
   
• A daily close above $17.82 will test key resistances at $17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
   
• Alternatively, a daily close below $17.50 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
   
• U.S. released NFP job data with negative numbers at 156K m/m vs 167K m/m previous release.

We prefer to go short on XAG/USD around $17.75 with stop loss at $17.99 and target of $17.50/$17.09/$16.92.