Tanalys

SILVER (Spot) intraday: bullish bias above 23.35

Pivot: 23.35

Our preference: LONG positions above 23.35 with targets @ 23.95 24.45.

Alternative scenario: The downside penetration of 23.35 will call for 23 22.45.

Comment: the RSI broke above a declining trend line.

Trend: ST Bullish; MT Range

Key levels Comment

24.95 Intraday resistance

24.45 Intraday resistance

23.95 Intraday resistance

23.814 Last

23.35 Intraday pivot point

23 Intraday support

22.45 Intraday support

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