FxWirePro: Silver trades lower ahead of FOMC meeting minutes, Fed chair Powell’s testimony in focus

• XAG/USD is currently trading around $15.06 marks.
   
• It made intraday high at $15.09 and low at $15.02 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at $15.09 mark.
   
• A daily close above $15.09 will test key resistances at $15.17, $15.40, $15.49, $15.57 and $15.68 marks respectively.
   
• On the other side, a daily close below $14.97 will take the parity down towards key supports at $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 only above $15.09, stop loss at $15.02 and target of $15.17/$15.40.