Tanalys

SILVER (Spot) intraday: bullish bias above 19.8

Pivot: 19.80

Our preference: LONG positions above 19.8 with targets @ 20.6 21.

Alternative scenario: The downside penetration of 19.8 will call for 19.6 19.2.

Comment: the immediate trend remains up and the momentum is strong.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

21.3** Intraday resistance

21* Fib projection

20.6*** Intraday resistance

20.232 Last

19.8** Intraday pivot point

19.6** Intraday support

19.2*** Intraday support

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