Tanalys

Silver spot Intraday: bullish bias above 14.35.

Pivot: 14.35

Our preference: Long positions above 14.35 with targets @ 14.75 14.95 in extension.

Alternative scenario: Below 14.35 look for further downside with 14.15 13.95 as targets.

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

Supports and resistances:

15.15

14.95

14.75

14.6 Last

14.35

14.15

13.95

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