Tanalys

SILVER Spot intraday: bullish bias above 19.85

Pivot: 19.85

Our preference: LONG positions above 19.85 with 20.5 20.85 in sight.

Alternative scenario: The downside breakout of 19.85 will open the way to 19.25 18.85.

Comment: the next resistances are at 20.5 and then at 20.85.

Trend: ST Bearish; MT Ltd downside

Key levels Comment

21.25 Intraday resistance

20.85 Intraday resistance

20.5 Intraday resistance

20.05 Last

19.85 Intraday pivot point

19.25 Intraday support

18.85 Intraday support

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