- XAG/USD is currently trading around $15.06 marks.
- It made intraday high at $15.09 and low at $15.02 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $15.09 mark.
- A daily close above $15.09 will test key resistances at $15.17, $15.40, $15.49, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $14.97 will take the parity down towards key supports at $14.87, $14.62 and $14.48 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 only above $15.09, stop loss at $15.02 and target of $15.17/$15.40.
