XAGUSD is in a bearish trend in the short-term which started on 16 November. The Middle line of this downtrend is at near 23.40 level. If the price breaks this resistance level to the upside, the upper band of the trend channel which is currently at 23.85 may become a target.
For downside moves, 23.20 can be followed as a support level for intraday movements. Below this level, XAGUSD may fall to 22.92 in short term.
