FxWirePro: XAG/USD fails to fall below $17.70 mark, faces strong resistance at $17.87 mark

• XAG/USD is currently trading around $17.78 marks.
   
• It made intraday high at $17.85 and low at $17.70 levels.
   
• Intraday bias remains neutral till the time pair holds key support at $17.70 mark.
   
• A daily close above $17.87 will test key resistances at $18.02, $18.17, $18.45, $18.76, $19.07 and $19.27 marks respectively.
   
• On the other side, a daily close below $17.82 will take the parity down towards key supports at $17.70, $17.47, $17.17, $16.97, $16.72, $16.40 and $16.17 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 $17.87, stop loss at $17.69 and target of $18.02/$18.17/$18.45.