XAG/USD short term outlook

• Pair is currently trading at $15.05 levels.
   
• It made intraday high at $15.22 and low $14.99 levels.
   
• A recent rebound from $15.94 level is likely to hold the currency around $15.00 marks.
   
• Alternatively, a daily close below $14.99 will take the parity around $14.84 and $14.60 levels thereafter.
   
• In addition, 20, 30 and 55D EMA heads up, which signals bullish trend.
   
• Initial resistance levels are seen at $15.31, $15.52 and $15.87 levels.
   
• On the down side, key support levels are seen at $14.99, $14.85 and $14.27 levels.

We prefer to take long position in XAG/USD around $15.05, stop loss $14.85 and target $15.32/15.52 levels.