Tanalys

SILVER (Spot) intraday: bullish bias above 22.05

Pivot: 22.05

Our preference: LONG positions above 22.05 with 23.2 23.8 in sight.

Alternative scenario: The downside penetration of 22.05 will call for 21.7 21.3.

Comment: the bullish flag pattern calls for a new up leg towards 23.2

Trend: ST Ltd downside; MT Bearish

Key levels Comment

24.15** Intraday resistance

23.8** Intraday resistance

23.2** Intraday resistance

22.543 Last

22.05** Intraday pivot point

21.7** Fib retracement (50%)

21.3** Intraday support

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