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FxWirePro: Silver hits fresh monthly low after NFP results, good to sell on rallies

  • XAG/USD is currently trading around $15.01 levels.
     
  • It made intraday high at $15.08 and low at $14.95 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • A daily close below $15.01 will tests key supports at $14.92, $14.77 and $14.55 marks respectively.
     
  • Alternatively, a current rebound from $15.77 will likely to test key resistances at $15.11, $15.32 and $15.72 marks.

We prefer to tale short position in XAG/USD around $15.08, stop loss $15.15 and target $14.77 levels.

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