FxWirePro: XAG/USD hovers around $14.80 mark, sustained close above requires for upside rally

• XAG/USD is currently trading around $14.80 marks.
   
• It made intraday high at $14.84 and low at $14.72 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above $14.78 will test key resistances at $14.85, $14.98, $15.10, $15.32 and $15.47 marks respectively.
   
• On the other side, a daily close below $14.47 will take the parity down towards key supports at $14.34, $14.12, 13.99 and 13.62 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 $14.85, stop loss $14.72 and target of $15.10.