Tanalys

SILVER (Spot) intraday: bullish bias above 22.7

Pivot: 22.70

Our preference: LONG positions above 22.7 with 23.35 23.6 in sight.

Alternative scenario: The downside penetration of 22.7 will call for a slide towards 22.45 22.25.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

24.2** Intraday resistance

23.6** Intraday resistance

23.35** Intraday resistance

23.12 Last

22.7*** Intraday pivot point

22.45** Intraday support

22.25** Intraday support

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