- XAG/USD is currently trading around $17.57 marks.
- It made intraday high at $17.58 and low at $17.51 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $17.47 mark.
- A daily close above $17.56 will test key resistances at $17.68/$17.72/$17.98/$18.24 marks respectively.
- On the other side, a daily close below $17.56 will take the parity down towards key supports at $17.47/$17.40/$17.32/$17.11/$17.00/$16.88/$16.72/$16.40/$16.28/$16.14 marks respectively.
We prefer to go long on XAG/USD around $17.55 with stop loss at $17.47 and target of $17.72/$17.98.
