FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014

FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014

1 July 2016, 06:19
Roberto Jacobs
0
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FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014

  • XAG/USD is currently trading around $18.95 marks. 
  • It made intraday high at $18.98 and low at $18.68 levels. 
  • Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks.  
  • A sustained close above $19.00 tests key resistances at $19.09, $19.12, $19.34, $19.48 and $19.88 marks respectively. 
  • On the other side, a daily close below $18.68 will take the parity down towards key supports at $18.45, $18.29, $18.19, $17.99 and $17.88 marks respectively. 
  • Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.

We prefer to take long position in XAG/USD around $18.90, stop loss at $18.68 and target $19.34/ $19.48 marks.

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