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- XAG/USD is currently trading around $17.92 marks.
- It made intraday high at $17.93 and low at $17.82 levels.
- Intraday bias remains slightly bullish for the moment.
- A daily close above $17.87 will test key resistances at $18.08, $18.32, $18.40, $18.87, $18.98, $19.08 and $19.24 marks respectively.
- On the other side, a daily close below $17.87 will take the parity down towards key supports at $17.74, $17.62, $17.40 and $17.17 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 on XAG/USD around $17.90, stop loss at $17.74 and target of $18.02/$18.08/$18.17.
