Tanalys

SILVER (Spot) intraday: 24.8 expected

Pivot: 23.60

Our preference: LONG positions above 23.6 with targets @ 24.8 25.2.

Alternative scenario: The downside penetration of 23.6 will call for a slide towards 23.3 22.85.

Comment: the RSI is supported by a rising trend line.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

25.6** Intraday resistance

25.2** Intraday resistance

24.8** Intraday resistance

24.08 Last

23.6*** Intraday pivot point

23.3** Intraday support

22.85** Intraday support

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