- XAG/USD is currently trading around $16.09 marks.
- It made intraday high at $16.12 and low at $15.87 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.22 levels.
- A daily close above $16.00 will test key resistances at $16.22/$16.32/$16.46/$16.62/$16.76/$16.90/$17.02/$17.22/$17.48 marks respectively.
- On the other side, a daily close below $15.94 will take the parity down towards key supports at $15.76/$15.32/$15.01 marks respectively.
We prefer to go short on XAG/USD around $16.15 with stop loss at $16.22 and target of $15.87.
