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FxWirePro: Silver trades higher in European hours, U.S. NFP job data in focus

XAG/USD is currently trading around $15.08 marks. It made intraday high at $15.09 and low at $14.90 levels. Intraday bias remains neutral for the moment. A daily close above $15.11 will test key resistances at $15.17, $1…

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FxWirePro: Silver trades higher in European hours, U.S. NFP job data in focus
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  • XAG/USD is currently trading around $15.08 marks.
     
  • It made intraday high at $15.09 and low at $14.90 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above $15.11 will test key resistances at $15.17, $15.28, $15.32, $15.47 and $15.62 marks respectively.
     
  • On the other side, a daily close below $15.00 will take the parity down towards key supports at $14.90, $14.80, $14.68 and $14.52 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 $15.15, stop loss at $15.23 and target of $14.87.

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