FxWirePro: Silver follows Gold suit, rejects $17.67 and hovers just around $17.00

• XAG/USD is currently trading around $17.04 marks.
   
• It made intraday high at $17.15 and low at $16.88 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support level at $16.88 marks.
   
• On the top side, key resistance is seen at $17.22. A sustained break above will take the parity up towards $17.37/$17.45/$17.68 levels.
   
• Alternatively, a daily close below $16.88 will drag the parity down around $16.81/$16.70/$16.42 levels respectively.
   
• Initial support levels are seen at $17.01, $16.88 and $16.82 marks.
   
• Resistance levels are seen at $17.14, $17.21 and $17.37 thereafter.

We prefer to take long position in XAG/USD around $17.00, stop loss $16.88 and target $17.21/$17.37 marks.