Tanalys

Silver spot Intraday: bullish bias above 16.3.

Pivot: 16.3

Our preference: Long positions above 16.3 with targets @ 16.76 16.9 in extension.

Alternative scenario: Below 16.3 look for further downside with 15.93 15.78 as targets.

Comment: The RSI is around its neutrality area at 50%

Supports and resistances:

17 **

16.9 *

16.76 **

16.549 Last

16.3 ***

15.93 **

15.78 **

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