Pivot: 21.80
Our preference: LONG positions above 21.8 with 23.2 23.8 in sight.
Alternative scenario: The downside breakout of 21.8 will open the way to 21.2 20.2.
Comment: Silver prices have completed a pull back on their former declining trend line. A bullish flag pattern is taking place.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
24.15** Intraday resistance
23.8** Intraday resistance
23.2** Intraday resistance
22.537 Last
21.8*** Intraday pivot point
21.2* Intraday support
20.2** Intraday support
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