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- XAG/USD is currently trading around $17.12 marks.
- It made intraday high at $17.21 and low at $17.11 levels.
- Intraday bias remains bullish till the time pair holds key support at $16.82 mark.
- A daily close above $17.17 will test key resistances at $17.24, $17.40, $17.52 and $17.68 marks respectively.
- On the other side, a daily close below $17.17 will take the parity down towards key supports at $17.08, $16.82, $16.57, $16.40, $16.28 and $16.16 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 long position in XAG/USD around $17.10, stop loss $16.96 and target of $17.40/$17.52.
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