FxWirePro: Silver stabilises around $17.22 mark, down side limited

• XAG/USD is currently trading around $17.23 marks.


• It made intraday high at $17.27 and low at $17.15 levels.
   
• Intraday bias remains bullish till the time pair holds initial support at $17.02 marks. 
   
• A sustained close above $17.32 tests key resistances at $17.45, $17.62, $17.84 and $17.99 marks respectively.


• On the other side, a daily close below $17.11 will take the parity down towards key supports at $17.02, 16.95 and $16.88 marks respectively.


• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
   
• Today Brexit vote will be the main event for the day. Markets expect high volatility during the day.

We prefer to take long position in XAG/USD only above $17.32, stop loss at $17.02 and target $17.56/ $17.84 marks.