Tanalys

Silver spot Intraday: key resistance at 15.97.

Pivot: 15.97

Our preference: Long positions above 15.97 with targets @ 16.25 16.37 in extension.

Alternative scenario: Below 15.97 look for further downside with 15.8 15.59 as targets.

Comment: As long as 15.97 is resistance, expect a return to 16.25.

Supports and resistances:

16.48

16.37

16.25

16.13 Last

15.97

15.8

15.59

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