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- XAG/USD is currently trading around $18.55 marks.
- It made intraday high at $18.63 and low at $18.50 levels.
- Intraday bias remains bullish till the time pair holds key support at $18.38 mark.
- A daily close above $18.50 will test key resistances at $18.63/$18.72/$18.97 marks respectively.
- On the other side, a daily close below $18.50 will take the parity down towards key supports at $18.38/$18.22/$18.08/$17.99/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87 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 go long on XAG/USD around $18.52 with stop loss at $18.38 and target of $18.63/$18.72.
