- Major resistance- $17.36 (May 16th high)
- Silver prices rose more 6% in past two trading session till $17.30 per ounce. In the Asian session 4:00 GMT the pair is trading at $17.21.
- The XAG/USD is facing strong resistance around $17.36 and is struggling to break above this level. Any violation above $17.36 will take the pair till $17.49/$17.75.
- On the lower side minor support is around $16.77 (21 4H EMA) and break below will drag the commodity down till $16.37/$16.15.Short term.
weakness only below $15.79.
- In the 4 hours chart CCI (50) and RSI(14) is showing bearish divergence.
It is good to sell on rallies around $17.20-$17.22 with SL around $17.40 for the TP of $16.80


FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro- Major Crypto levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: AUD/USD dips on soft China data
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 



