- XAG/USD is currently trading around $16.95 marks.
- It made intraday high at $16.96 and low at $16.85 levels.
- Intraday bias remains bullish till the time pair holds key support at $16.46 levels.
- A daily close above $17.21 will test key resistances at $17.48/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- On the other side, a daily close below $16.85 will take the parity down towards key supports at $16.65/$16.46/$16.28/$16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.
We prefer to go long on XAG/USD around $16.85 - $16.90 with stop loss at $16.46 and target of $17.22/$17.48.
