Tanalys

Silver MT: intraday support around 20.6.

Pivot: 21.

Our Preference: As long as 20.60 is support, a test of 25.10 seems likely.

Alternative scenario: A downward breakout of 20.6 would open the way towards 18.20.

Comment: look for support to materialize around 20.60.

Trend: ST Bullish; MT Range, we have been bullish since 30 OCT 2013 (22.96).

Key levels Comment

26 Horizontal resistance

25.1 Horizontal resistance

23.05 Horizontal resistance

20.667 Last

20.6 Pivot point

18.2 Horizontal support

14.7 Horizontal support

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