Tanalys

Silver spot intraday: further upside.

Pivot: 19.50

Our preference: LONG positions above 19.5 with 20.5 21 as next targets.

Alternative scenario: The downside penetration of 19.5 will call for a slide towards 19.1 18.6.

Comment: the next resistances are at 20.5 and then at 21.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

21.5 Intraday resistance

21 Intraday resistance

20.5 Intraday resistance

19.875 Last

19.5 Intraday pivot point

19.1 Intraday support

18.6 Intraday support

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