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- XAG/USD is currently trading around $16.63 marks.
- It made intraday high at $16.72 and low at $16.60 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $16.42 marks.
- A daily close above $16.72 will test key resistances at $16.87/$16.99/$17.08/$17.22/$17.45/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- A daily close below $16.42 will take the parity down towards key supports at $16.33/$16.22/$15.93 marks respectively.
We prefer to go long on XAG/USD only above $16.72 with stop loss at $16.42 and target of $16.99/$17.08.
