FxWirePro: Silver touches $15.25 mark in European hours, downside limited
XAG/USD is currently trading around $15.24 marks. It made intraday high at $15.25 and low at $15.12 levels. Intraday bias remains bullish till the time pair holds key support at $15.08 mark. A daily close above $15.22 wi…
It made intraday high at $15.25 and low at $15.12 levels.
Intraday bias remains bullish till the time pair holds key support at $15.08 mark.
A daily close above $15.22 will test key resistances at $15.28, $15.40, $15.57, $15.62 and $15.84 marks respectively.
On the other side, a daily close below $15.22 will take the parity down towards key supports at $15.08, $14.87, $14.68, $14.52 and $14.40 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $15.24, stop loss at $15.12 and target of $15.40.
