Tanalys

SILVER (Spot) intraday: bullish bias above 21.7

Pivot: 21.70

Our preference: LONG positions above 21.7 with 23.4 23.55 in sight.

Alternative scenario: The downside breakout of 21.7 will open the way to 21.2 20.6.

Comment: the RSI is bullish and calls for further advance.

Trend: ST Bearish; MT Bearish

Key levels Comment

23.95 Intraday resistance

23.55 Intraday resistance

23.4 Intraday pivot point

23.08 Last

21.7 Intraday support

21.2 Intraday support

20.6 Intraday support

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