Tanalys

Silver spot Intraday: bullish bias above 16.05.

Pivot: 16.05

Our preference: Long positions above 16.05 with targets @ 16.8 16.9 in extension.

Alternative scenario: Below 16.05 look for further downside with 15.7 15.5 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

17.15 **

16.9 **

16.8 ***

16.341 Last

16.05 **

15.7 **

15.5 **

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