2017.04.2004:39:00UTC+00Fxwirepro: Silver Rejects Key Support at $18.08 Mark, Good to Buy on Dips

• XAG/USD is currently trading around $18.16 marks.
   
• It made intraday high at $18.21 and low at $18.09 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $18.08 mark.
   
• A daily close above $18.12 will test key resistances at $18.22/$18.32/$18.42/$18.54/$18.63/$18.72 marks respectively.
   
• On the other side, a daily close below $18.12 will take the parity down towards key supports at $18.08/$17.89/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87 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 go long on XAG/USD around $18.15 with stop loss at $18.08 and target of $18.22/$18.32.