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- XAG/USD is currently trading around $16.89 marks.
- It made intraday high at $17.07 and low at $16.85 levels.
- Intraday bias remains neutral till the time pair holds immediate support level at $16.85 marks.
- On the top side, key resistance is seen at $16.99. A sustained close above will take the parity up towards $17.11/$17.21/$17.37 levels.
- Alternatively, a daily close below $16.85 will drag the parity down around $16.81/$16.70/$16.42 levels respectively.
We prefer to take long position in XAG/USD around $16.87, stop loss $16.82 and target $16.99/$17.11 marks.
