Tanalys

Silver spot Intraday: bullish bias above 20.30.

Silver spot Intraday: bullish bias above 20.30.

Pivot: 20.30

Our preference: Long positions above 20.30 with targets @ 21.08 21.5 in extension.

Alternative scenario: Below 20.30 look for further downside with 20 19.85 as targets.

Comment: The RSI is mixed with a bullish bias. Silver is shaping a tentative bullish flag pattern (continuation pattern).

Supports and resistances:

21.75

21.5

21.08

20.64 Last

20.3

20

19.85

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