- XAG/USD is currently trading around $15.19 marks.
- It made intraday high at $15.25 and low at $15.06 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $15.28 mark.
- A daily close above $15.18 will test key resistances at $15.28, $15.32, $15.47 and $15.62 marks respectively.
- On the other side, a daily close below $15.18 will take the parity down towards key supports at $15.06, $14.87, $14.80 and $14.68 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 $15.20, stop loss at $15.30 and target of $15.00.
