- XAG/USD is currently trading around $15.54 marks.
- It made intraday high at $15.61 and low at $15.53 levels.
- Intraday bias remains neutral for the moment.
- A daily close above $15.72 will test key resistances at $15.93, $16.08, $16.15, $16.40 and $16.62 marks respectively.
- On the other side, a daily close below $15.60 will take the parity down towards key supports at $15.47, $15.40 and $15.32 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on XAG/USD around $15.56, stop loss at $15.62 and target of $15.47/$15.40.
