Tanalys

SILVER (Spot) intraday: bullish bias above 22.9

Pivot: 22.90

Our preference: LONG positions above 22.9 with 24.35 24.85 as next targets.

Alternative scenario: The downside penetration of 22.9 will call for 22 20.25.

Comment: the RSI is supported by a bullish trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

25.85** Intraday resistance

24.85** Intraday resistance

24.35** Intraday resistance

23.51 Last

22.9** Intraday pivot point

22** Previous low

20.25** Fib projection

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