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- XAG/USD is currently trading around $15.19 marks.
- It made intraday high at $15.23 and low at $15.17 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $15.27 mark.
- A daily close above $15.20 will test key resistances at $15.32, $15.40, $15.57, $15.62 and $15.84 marks respectively.
- On the other side, a daily close below $15.20 will take the parity down towards key supports at $15.12, $14.87, $14.68, $14.52 and $14.40 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on XAG/USD around $15.20, stop loss at $15.32 and target of $15.12/$15.02.
