2016.11.0700:24:00UTC+00Fxwirepro: Silver Trades Lower in Early Hours of Asia; Stay Bearish

• XAG/USD is currently trading around $18.11 marks.
   
• It made intraday high at $18.26 and low at $18.07 levels.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at $18.45 marks. 
   
• A daily close above $18.45 will test key resistances at $18.72/$18.88/$19.25 marks respectively.
   
• Alternatively, a daily close below $18.32 will take the parity down towards key supports at $17.82/$17.52/$17.33/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.

We prefer to go short on XAG/USD around $18.15 with stop loss at $18.45 and target of $18.01/$17.82.