Tanalys

SILVER Spot intraday: bullish bias above 19.3

Pivot: 19.30

Our preference: LONG positions above 19.3 with 20.1 20.3 as next targets.

Alternative scenario: The downside penetration of 19.3 will call for a slide towards 18.9 18.7.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bearish; MT Ltd downside

Key levels Comment

20.55 Intraday resistance

20.3 Intraday resistance

20.1 Intraday resistance

19.62 Last

19.3 Intraday pivot point

18.9 Intraday support

18.7 Intraday support

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