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- XAG/USD is currently trading around $15.42 marks.
- It made intraday high at $15.49 and low at $15.33 levels.
- Intraday bias remains neutral for the moment.
- A daily close above $15.42 will test key resistances at $15.49, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $15.42 will take the parity down towards key supports at $15.32, $15.22, $15.17, $15.02 and $14.87 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 long position on XAG/USD around $15.37, stop loss at $15.32 and target of $15.57.
