Tanalys

Silver spot Intraday: key resistance at 16.06.

Pivot: 16.06

Our preference: Short positions below 16.06 with targets @ 15.8 15.59 in extension.

Alternative scenario: Above 16.06 look for further upside with 16.25 16.37 as targets.

Comment: As long as the resistance at 16.06 is not surpassed, the risk of the break below 15.8 remains high.

Supports and resistances:

16.37

16.25

16.06

16 Last

15.8

15.59

15.48

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