FxWirePro: Silver rises sharply in European hours, good to buy on dips

• XAG/USD is currently trading around $19.24 marks.
   
• It made intraday high at $19.24 and low at $19.04 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $19.01 marks. 
   
• A daily close above $19.32 will test key resistances at $19.52/$19.78/$19.92/$20.05/20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
   
• Alternatively, a daily close below $19.01 will take the parity down towards key supports at $18.90, $18.77, $18.62 and $18.44 marks respectively.

We prefer to go long on XAG/USD around $19.22 with stop loss at $19.01 and target of $19.37/$19.52.