FxWirePro: Silver soars in early Asia, hits maximum level since September 2017
XAG/USD is currently trading around $17.47 marks. It made intraday high at $17.54 and low at $17.46 levels. Intraday bias remains bullish till the time pair holds key support at $17.32 mark. A daily close above $17.53 wi…
It made intraday high at $17.54 and low at $17.46 levels.
Intraday bias remains bullish till the time pair holds key support at $17.32 mark.
A daily close above $17.53 will test key resistances at $17.62, $17.76, $17.90 and $18.19 marks respectively.
On the other side, a daily close below $17.53 will take the parity down towards key supports at $17.32, $17.15, $17.08, $16.92 and $16.70 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 in XAG/USD around $17.42, stop loss $17.32 and target of $17.62/$17.90 mark.
