FxWirePro: Silver trades in narrow range, sustained close below $15.09 requires for downside rally

• XAG/USD is currently trading around $15.15 marks.
   
• It made intraday high at $15.15 and low at $15.09 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $15.07 mark.
   
• A daily close above $15.22 will test key resistances at $15.40, $15.49, $15.57 and $15.68 marks respectively.
   
• On the other side, a daily close below $15.09 will take the parity down towards key supports at $15.02, $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 around $15.12, stop loss at $15.06 and target of $15.27/$15.40/$15.47.