FxWirePro: XAG/USD hovers around $14.90 mark, U.S.’s core durable goods data in focus

• XAG/USD is currently trading around $14.92 marks.
   
• It made intraday high at $14.93 and low at $14.87 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at $14.87 mark.
   
• A daily close above $14.92 will test key resistances at $14.98, $15.09, $15.22, $15.32 and $15.40 marks respectively.
   
• On the other side, a daily close below $14.92 will take the parity down towards key supports at $14.87, $14.78, $14.67, $14.52 and $14.40 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position on XAG/USD around $14.91, stop loss at $14.85 and target of $15.02.