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- XAG/USD is currently trading around $17.04 marks.
- It made intraday high at $17.12 and low at $17.00 levels.
- Intraday bias remains bullish till the time pair holds key support at $16.87 levels.
- A daily close above $17.03 will test key resistances at $17.18/$17.48/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- On the other side, a daily close below $16.87 will take the parity down towards key supports at $16.65/$16.28/$16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.
We prefer to go long on XAG/USD around $17.03 with stop loss at $16.87 and target of $17.18/$17.22/$17.48.
