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- XAG/USD is currently trading around $15.40 marks.
- It made intraday high at $15.43 and low at $15.29 levels.
- Intraday bias remains bullish till the time pair holds key support at $15.27 mark.
- A daily close above $15.35 will test key resistances at $15.48, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $15.27 will take the parity down towards key supports at $15.17, $15.07, $14.87, $14.62 and $14.48 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 on XAG/USD only above $15.43, stop loss at $15.28 and target of $15.57.
