Tanalys

SILVER (Spot) intraday: bullish bias above 22.1

Pivot: 22.10

Our preference: LONG positions above 22.1 with 23.55 23.85 in sight.

Alternative scenario: The downside penetration of 22.1 will call for 21.25 20.75.

Comment: the price is supported by a rising trend line.

Trend: ST Range; MT Range

Key levels Comment

24.2** Intraday resistance

23.85* Intraday resistance

23.55** Intraday resistance

23.28 Last

22.1** Intraday pivot point

21.25** Intraday support

20.75** Intraday support

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