- XAG/USD is currently trading around $15.72 marks.
- It made intraday high at $15.79 and low at $15.69 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $15.72 mark.
- A daily close above $15.72 will test key resistances at $15.82, $15.87 and $15.96 marks respectively.
- On the other side, a daily close below $15.72 will take the parity down towards key supports at $15.57, $15.48, $15.30 and $15.22 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 $15.70, stop loss $15.62 and target of $15.82.
