Tanalys

SILVER (Spot) intraday: bullish bias above 18.97

Pivot: 18.97

Our preference: LONG positions above 18.97 with 19.5 19.85 in sight.

Alternative scenario: The downside penetration of 18.97 will call for a slide towards 18.7 18.4.

Comment: the price has broken above a declining trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

20.1** Intraday resistance

19.85** Intraday resistance

19.5** Intraday resistance

19.36 Last

18.97*** Intraday pivot point

18.7** Intraday support

18.4** Intraday support

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