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Silver refrains to break $15.00, intraday bias remains bearish

  • XAG/USD is currently trading around $15.53 marks.
     
  • It made intraday high at $15.71 and low at $15.51 marks.
     
  • Pair hit low around $15.13 overnight and took reversal from that marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above $15.71 is required to confirm the bullish bias.
     
  • Alternatively, current down fall from $15.71 will take the parity back below $15.50/ $15.16 levels.

We prefer to take short position in XAG/USD around $15.55, stop loss $15.65 and target $15.40 levels.

 

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