• FxWirePro: Silver enjoys roller coaster movement, hits highest level since Sept 2016

    Source: FxWire Pro - Technicals / 04 Sep 2019 10:04:28   Europe/London

    • XAG/USD is currently trading around $19.25 marks.
       
    • It made intraday high at $19.57 and low at $19.17 levels.
       
    • Intraday bias remains bullish till the time pair holds key support at $18.50 mark.
       
    • A daily close above $19.21 will test key resistances at $19.57, $19.76, $19.98, and $20.10 marks respectively.
       
    • On the other side, a daily close below $19.21 will take the parity down towards key supports at $19.17, $18.90, $18.48 and $18.02 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 long position on XAG/USD around $19.25, stop loss at $19.15 and target of $19.57/$19.76.

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