Tanalys

SILVER (Spot) intraday: bullish bias above 22.25

Pivot: 22.25

Our preference: LONG positions above 22.25 with targets @ 23.2 23.8.

Alternative scenario: The downside breakout of 22.25 will open the way to 21.95 21.7.

Comment: intraday support around 22.25

Trend: ST Ltd downside; MT Bearish

Key levels Comment

24.15** Intraday resistance

23.8** Intraday resistance

23.2** Intraday resistance

22.61 Last

22.25** Intraday pivot point

21.95** Intraday support

21.7** Fib retracement (50%)

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