FxWirePro: Silver trades lower in early hours of Asia, stay bearish

• XAG/USD is currently trading around $16.58 marks.
   
• It made intraday high at $16.70 and low at $16.52 levels.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at $17.22 marks. 
   
• A daily close above $17.22 will test key resistances at $17.45/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52/$19.72 marks respectively.
   
• A daily close below $16.62 will take the parity down towards key supports at $16.33/$16.22/$15.93 marks respectively.

We prefer to go short on XAG/USD around $16.62 with stop loss at $17.08 and target of $16.33/$16.22.