Tanalys

SILVER (Spot) intraday: bullish bias above 23.6

Pivot: 23.60

Our preference: LONG positions above 23.6 with 24.8 25.2 in sight.

Alternative scenario: The downside breakout of 23.6 will open the way to 23.3 22.85.

Comment: the RSI has just broken above a declining trend line.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

26*** Horizontal resistance

25.2** Intraday resistance

24.8** Intraday resistance

24.34 Last

23.6*** Intraday pivot point

23.3** Intraday support

22.85** Intraday support

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