FxWirePro: Silver trades in narrow range, stay bearish only below $15.08 mark

• XAG/USD is currently trading around $15.13 marks.
   
• It made intraday high at $15.17 and low at $15.08 levels.
   
• Intraday bias remains neutral till the time pair holds key support at $15.08 mark.
   
• A daily close above $15.12 will test key resistances at $15.22, $15.38, $15.57, $15.62 and $15.84 marks respectively.
   
• On the other side, a daily close below $14.99 will take the parity down towards key supports at $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 short position on XAG/USD only below $15.08, stop loss at $15.22 and target of $14.87.