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- XAG/USD is currently trading around $17.92 marks.
- It made intraday high at $17.95 and low at $17.82 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.70 mark.
- A daily close above $17.88 will test key resistances at $17.95, $18.12, $18.24, $18.39, $18.52 and $18.63 marks respectively.
- On the other side, a daily close below $17.88 will take the parity down towards key supports at $17.70/$17.54/$17.42/$17.35/$17.26/$17.18/$17.01 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 go long on XAG/USD around $17.90 with stop loss at $17.70 and target of $18.20.
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