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- XAG/USD is currently trading around $14.99 marks.
- It made intraday high at $15.07 and low at $14.96 levels.
- Intraday bias remains neutral till the time pair holds key support at $14.94 mark.
- A daily close above $15.00 will test key resistances at $15.08, $15.17, $15.40, $15.49, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $14.97 will take the parity down towards key supports at $14.87, $14.62 and $14.48 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 short position on XAG/USD only below $14.94, stop loss at $15.08 and target of $14.62.
