Silver likely to consolidate below $15.92 level; break above targets $17.75 mark

• Pair is currently trading at $15.66 levels. 
   
• It made intraday high at $15.69 and low at $15.44 levels. 
   
• Intraday bias remains bullish for the moment. 
   
• On the top side, key resistance falls at $15.92.  
   
• A daily close above $15.92 will drag the parity towards multiyear high around $17.75.
  
   
• Alternatively, reversal from key resistance will take the parity back below $15.00 marks.

We prefer to take long position in XAG/USD around $15.60, stop loss $15.45 and target $15.82/$15.92 levels.