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- XAG/USD is currently trading around $17.03 marks.
- It made intraday high at $17.18 and low at $17.02 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $17.22 mark.
- A daily close above $17.10 will test key resistances at $17.22/$17.36/$17.76 marks respectively.
- On the other side, a daily close below $17.10 will take the parity down towards key supports at $16.90/$16.82/$16.70/$16.55/$16.42/$16.28/$16.10 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 go short on XAG/USD around $17.05 with stop loss at $16.22 and target of $16.90.
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