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- XAG/USD is currently trading around $16.72 marks.
- It made intraday high at $16.92 and low at $16.58 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $17.02 levels.
- A daily close above $17.02 will test key resistances at $17.22/$17.48/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- On the other side, a daily close below $16.79 will take the parity down towards key supports at $16.65/$16.58/$16.46/$16.28/$16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.
We prefer to go short on XAG/USD around $16.75 with stop loss at $17.02 and target of $16.46/$16.11.
