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- XAG/USD is currently trading around $17.62 marks.
- It made intraday high at $17.65 and low at $17.49 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $17.33 marks.
- A daily close above $17.75 will test key resistances at $17.87/$17.99/$18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.33 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 long on XAG/USD around $17.60 with stop loss at 17.33 and target of $17.87/$17.99/$18.06.
