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- XAG/USD is currently trading around $17.14 marks.
- It made intraday high at $17.20 and low at $17.08 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $16.90 marks.
- A daily close above $17.21 will test key resistances at $17.48/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
- On the other side, a daily close below $17.00 will take the parity down towards key supports at $16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.
We prefer to take long position in XAG/USD only above $17.21 with stop loss at $16.90 and target of $17.48/$17.68.
