Tanalys

SILVER (Spot) intraday: bullish bias above 21.1

Pivot: 21.10

Our preference: LONG positions above 21.1 with 21.75 22 as next targets.

Alternative scenario: The downside breakout of 21.1 will open the way to 20.75 20.35.

Comment: silver prices are supported by a rising trend line.

Trend: ST Range; MT Range

Key levels Comment

22.5** Intraday resistance

22* Intraday resistance

21.75** Intraday resistance

21.45 Last

21.1** Intraday pivot point

20.75** Intraday support

20.35** Intraday support

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