Tanalys

SILVER (Spot) intraday: bullish bias above 19.7

Pivot: 19.70

Our preference: LONG positions above 19.7 with 20.6 20.85 as next targets.

Alternative scenario: The downside penetration of 19.7 will call for 19.25 18.7.

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

Trend: ST Ltd downside; MT Bearish

Key levels Comment

21.1** Intraday resistance

20.85** Fib projection

20.6*** Previous high

20.25 Last

19.7*** Intraday pivot point

19.25** Intraday support

18.7** Intraday support

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