FxWirePro: Silver up by 1.6 pct at $18.98, marks fresh high since September 2014
XAG/USD is currently trading around $18.95 marks. It made intraday high at $18.98 and low at $18.68 levels. Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks. A sustained close abov…
It made intraday high at $18.98 and low at $18.68 levels.
Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks.
A sustained close above $19.00 tests key resistances at $19.09, $19.12, $19.34, $19.48 and $19.88 marks respectively.
On the other side, a daily close below $18.68 will take the parity down towards key supports at $18.45, $18.29, $18.19, $17.99 and $17.88 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
We prefer to take long position in XAG/USD around $18.90, stop loss at $18.68 and target $19.34/ $19.48 marks.
