Tanalys

Silver MT: watch 26.

Pivot: 30.75

Our preference: Bearish below 30.75 with 26 24.9 in sight.

Alternative scenario: An upside breakout of 30.75 would open the way towards 32.45.

Comment: watch the 26 support level and the 30.75 resistance. A break of this range to either side would be considered significant and certainly worth monitoring.

Trend: ST Ltd downside; MT Range, we have been bearish since 21 DEC 2012 (30.1).

Key levels Comment

34.3 Horizontal resistance

32.45 Horizontal resistance

30.75 Pivot point

26.92 Last

26 LT Horizontal support

24.9 Horizontal support

23 Horizontal support

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