- XAG/USD is currently trading around $17.25 marks.
- It made intraday high at $17.33 and low at $17.11 levels.
- Intraday bias remains bullish till the time pair holds immediate support level at $17.11 marks.
- On the top side, key resistance is seen at $17.32. A sustained close above will take the parity up towards $17.37/ $17.44/ $17.67 levels respectively.
- Alternatively, a daily close below $17.11 will drag the parity down around $16.97/$16.88 /$16.85 levels respectively.
We prefer to take long position in XAG/USD around $17.22, stop loss $17.11 and target $17.35/ $17.44 marks.
