FxWirePro: XAG/USD hovers around $15.00 mark, stay bearish only below $14.94 mark

• XAG/USD is currently trading around $14.99 marks.
   
• It made intraday high at $15.07 and low at $14.96 levels.
   
• Intraday bias remains neutral till the time pair holds key support at $14.94 mark.
   
• A daily close above $15.00 will test key resistances at $15.08, $15.17, $15.40, $15.49, $15.57 and $15.68 marks respectively.
   
• On the other side, a daily close below $14.97 will take the parity down towards key supports at $14.87, $14.62 and $14.48 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 short position on XAG/USD only below $14.94, stop loss at $15.08 and target of $14.62.