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FxWirePro: Silver marginally higher in early hours of Asia, upside limited

Wednesday, October 12, 2016 4:33 AM UTC

XAG/USD is currently trading around $17.56 marks.
It made intraday high at $17.57 and low at $17.42 levels.
Intraday bias remains bullish till the time pair holds immediate support at $17.42 marks.
A daily close above $17.68 will test key resistances at $17.82/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
Alternatively, a daily close below $17.42 will take the parity down towards key supports at $17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.

We prefer to go short on XAG/USD around $17.65 with stop loss at $17.82 and target of $17.42/$17.09/$16.92.

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FxWirePro: Silver marginally higher in early hours of Asia, upside limited

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