FxWirePro: Silver rises surprisingly in early Asia, hits fresh 4 – month high at $18.83 mark; U.S. ADP job data in focus
XAG/USD is currently trading around $18.67 marks. It made intraday high at $18.83 and low at $18.54 levels. Intraday bias remains bullish for the moment. A daily close above $18.37 will test key resistances at $18.87, $1…
It made intraday high at $18.83 and low at $18.54 levels.
Intraday bias remains bullish for the moment.
A daily close above $18.37 will test key resistances at $18.87, $18.98, $19.08 and $19.24 marks respectively.
On the other side, a daily close below $18.37 will take the parity down towards key supports at $18.10, $17.92, $17.74, $17.62, $17.35 and $17.17 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 $18.65, stop loss at $18.47 and target of $18.87/$19.08.
