Tanalys

Silver spot Intraday: bullish bias above 17.28.

Pivot: 17.28

Our preference: Long positions above 17.28 with targets @ 17.8 18.15 in extension.

Alternative scenario: Below 17.28 look for further downside with 17 16.7 as targets.

Comment: A support base at 17.28 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

18.5 *

18.15 **

17.8 **

17.592 Last

17.28 ***

17 ***

16.7 **

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