Tanalys

SILVER (Spot) intraday: bullish bias above 22.75

Pivot: 22.75

Our preference: LONG positions above 22.75 with targets @ 23.6 23.85.

Alternative scenario: The downside breakout of 22.75 will open the way to 22.15 21.25.

Comment: silver prices are supported by a rising trend line.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

24.2* Intraday resistance

23.85** Intraday resistance

23.6** Intraday resistance

23.036 Last

22.75*** Intraday pivot point

22.15** Intraday support

21.25** Intraday support

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