- XAG/USD is currently trading around $18.04 marks.
- It made intraday high at $18.08 and low at $17.90 levels.
- Intraday bias remains bullish till the time pair holds key support $17.87 mark.
- A daily close above $18.02 will test key resistances at $18.08, $18.17, $18.32, $18.40, $18.87, $18.98, $19.08 and $19.24 marks respectively.
- On the other side, a daily close below $17.76 will take the parity down towards key supports at $17.62, $17.40 and $17.17 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 $18.00, stop loss at $17.87 and target of $18.17.