- XAG/USD is currently trading around $18.30 marks.
- It made intraday high at $18.40 and low at $18.27 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.99 mark.
- A daily close above $18.32 will test key resistances at $18.45/$18.72/$18.97 marks respectively.
- On the other side, a daily close below $18.32 will take the parity down towards key supports at $18.22/$18.08/$17.99/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87/$16.65 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 go long on XAG/USD around $18.28 with stop loss at $18.08 and target of $18.45/$18.62.
