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- XAG/USD is currently trading around $15.18 levels.
- It made intraday high at $15.28 and low at $15.11 levels.
- Intraday bias remains neutral for the moment.
- Silver fails to sustain above $16.00 and turns the bias downside again.
- A daily close below $15.11 will tests key supports at $15.01, $14.94 and $14.55 marks respectively.
- Alternatively, reversal from $15.11 will turn the bias slightly bullish and tests key resistances at $15.22/ $15.32 and $15.60 marks.
- In contrast, 20D, 30D and 55D EMA heads up, which confirms bullish trend.
We prefer to take long position in XAG/USD around $15.15, stop loss $15.01 and target $15.32 marks.
