Tanalys

SILVER (Spot) intraday: bullish bias above 19.25

Pivot: 19.25

Our preference: LONG positions above 19.25 with 20.3 20.45 as next targets.

Alternative scenario: The downside penetration of 19.25 will call for a slide towards 18.7 18.2.

Comment: the RSI advocates for further upside.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

20.6** Previous high

20.45*** Intraday resistance

20.3** Intraday pivot point

19.886 Last

19.25** Intraday support

18.7** Intraday support

18.2** Intraday support

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