Tanalys

Silver spot intraday: bullish bias above 19.5

Pivot: 19.50

Our preference: LONG positions above 19.5 with 20.5 20.87 as next targets.

Alternative scenario: The downside penetration of 19.5 will call for a slide towards 19.1 18.85.

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

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

21.28 Intraday resistance

20.87 Intraday resistance

20.5 Intraday resistance

19.912 Last

19.5 Intraday pivot point

19.1 Intraday support

18.85 Intraday support

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