Tanalys

Silver spot Intraday: bullish bias above 15.08.

Pivot: 15.08

Our preference: Long positions above 15.08 with targets @ 15.55 15.65 in extension.

Alternative scenario: Below 15.08 look for further downside with 14.75 14.6 as targets.

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

Supports and resistances:

15.8

15.65

15.55

15.242 Last

15.08

14.75

14.6

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