FxWirePro: Silver trades flat at $15.20 mark, stay short only below $15.02 mark
XAG/USD is currently trading around $15.19 marks. It made intraday high at $15.28 and low at $15.06 levels. Intraday bias remains neutral till the time pair holds key support at $15.02 mark. A daily close above $15.18 wi…
It made intraday high at $15.28 and low at $15.06 levels.
Intraday bias remains neutral till the time pair holds key support at $15.02 mark.
A daily close above $15.18 will test key resistances at $15.40, $15.57, $15.86, $16.12 and $16.38 marks respectively.
On the other side, a daily close below $15.18 will take the parity down towards key supports at $15.02, $14.82, $14.68, $14.40, $13.97 and $13.81 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 short position on XAG/USD only below $15.02, stop loss at $15.32 and target of $14.82/$14.68.
