FxWirePro: XAG/USD consolidates around $17.10 mark, stay bullish only above $17.18 mark

• XAG/USD is currently trading around $17.14 marks.
   
• It made intraday high at $17.18 and low at $17.04 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at $17.18 mark.
   
• A daily close above $17.13 will test key resistances at $17.22, $17.40, $17.68, $17.87 and $18.02 marks respectively.
   
• On the other side, a daily close below $16.98 will take the parity down towards key supports at $16.74, $16.57, $16.40, $16.17 and $16.02 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take long position on XAG/USD only above $17.18, stop loss at $16.98 and target of $17.40.