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FxWirePro: Silver touches $15.48 mark in European hours, stay bullish

  • XAG/USD is currently trading around $15.48 marks.
     
  • It made intraday high at $15.48 and low at $15.29 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at $15.28 mark.
     
  • A daily close above $15.45 will test key resistances at $15.53, $15.62 and $15.84 marks respectively.
     
  • On the other side, a daily close below $15.28 will take the parity down towards key supports at $15.22, $15.16, $15.07 and $14.90 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 $15.45, stop loss at $15.27 and target of $15.84.

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