Tanalys

SILVER Spot intraday: bullish bias above 19.55

Pivot: 19.55

Our preference: LONG positions above 19.55 with 20.1 20.3 in sight.

Alternative scenario: The downside penetration of 19.55 will call for 19.25 18.95.

Comment: intraday technical indicators are mixed and call for caution.

Trend: ST Bearish; MT Ltd downside

Key levels Comment

20.5 Intraday resistance

20.3 Intraday resistance

20.1 Intraday resistance

19.68 Last

19.55 Intraday pivot point

19.25 Intraday support

18.95 Intraday support

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