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- XAG/USD is currently trading around $19.50 marks.
- It made intraday high at $19.72 and low at $19.46 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $19.91 marks.
- A daily close above $20.05 will test key resistances at 20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
- Alternatively, a daily close below $19.50 will take the parity down towards key supports at $19.32, $19.06, $18.92, $18.77, $18.62 and $18.44 marks respectively.
We prefer to go short on XAG/USD only below $19.48 with stop loss at $19.82 and target of $19.32/$19.06.
