Pivot: 20.45
Our preference: LONG positions above 20.45 with 21.3 21.5 in sight.
Alternative scenario: The downside penetration of 20.45 will call for a slide towards 20.05 19.65.
Comment: silver prices are supported by a rising trend line and the 50 moving aveage maintains upward pressure.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
21.8* Intraday resistance
21.5* Intraday resistance
21.3*** Intraday resistance
21.01 Last
20.45** Intraday pivot point
20.05** Intraday support
19.65** Intraday support
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