Tanalys

Silver spot Intraday: bullish bias above 16.55.

Pivot: 16.55

Our preference: Long positions above 16.55 with targets @ 17.02 17.14 in extension.

Alternative scenario: Below 16.55 look for further downside with 16.41 16.3 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Supports and resistances:

17.4 **

17.14 **

17.02 *

16.58 Last

16.55 ***

16.41 **

16.3 **

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