FxWirePro: Silver touches $18.62 mark in early hours of Asia, U.S. prelim GDP data in focus

• XAG/USD is currently trading around $18.50 marks.
   
• It made intraday high at $18.62 and low at $18.28 levels.
   
• Intraday bias remains slightly bearish till the time pair holds key resistance at $18.62 mark.
   
• A daily close above $18.34 will test key resistances at $18.61, $18.78 and $19.02 marks respectively.
   
• On the other side, a daily close below $18.34 will take the parity down towards key supports at $18.22, $18.04, $17.90, $17.40 and $17.02 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 short position on XAG/USD around $18.55, stop loss at $18.63 and target of $18.28.