FxWirePro: XAG/USD hovers around $14.10 mark, downside limited

• XAG/USD is currently trading around $14.10 marks.
   
• It made intraday high at $14.20 and low at $14.05 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above $14.13 will test key resistances at $14.28, $14.47, $14.70, $14.98, $15.10, $15.32 and $15.47 marks respectively.
   
• On the other side, a daily close below $14.13 will take the parity down towards key supports at $13.99, $13.85, $13.68 and 13.51 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 around $14.00, stop loss $13.85 and target of $14.47.