Tanalys

Silver spot Intraday: bullish bias above 14.3.

Pivot: 14.3

Our preference: long positions above 14.3 with targets @ 14.56 14.64 in extension.

Alternative scenario: below 14.3 look for further downside with 14.18 14.09 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

14.8

14.64

14.56

14.455 Last

14.3

14.18

14.09

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