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- XAG/USD is currently trading around $17.67 marks.
- It made intraday high at $17.70 and low at $17.57 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $17.99 marks.
- A daily close above $17.82 will test key resistances at $17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.50 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go short on XAG/USD around $17.70 with stop loss at $17.82 and target of $17.50/$17.09/$16.92.
