Tanalys

Silver spot Intraday: key resistance at 16.16.

Pivot: 16.16

Our preference: Short positions below 16.16 with targets @ 15.93 15.79 in extension.

Alternative scenario: Above 16.16 look for further upside with 16.37 16.53 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Supports and resistances:

16.53

16.37

16.16

16.065 Last

15.93

15.79

15.6

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