Tanalys

SILVER (Spot) intraday: bullish bias above 19.4

Pivot: 19.40

Our preference: LONG positions above 19.4 with 19.92 20.1 as next targets.

Alternative scenario: The downside breakout of 19.4 will open the way to 19.18 18.97.

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

Trend: ST Ltd downside; MT Bearish

Key levels Comment

20.22** Intraday resistance

20.1** Intraday resistance

19.92** Intraday resistance

19.852 Last

19.4*** Intraday pivot point

19.18** Intraday support

18.97** Intraday support

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