Tanalys

Silver spot Intraday: key resistance at 16.2.

Pivot: 16.2

Our preference: Short positions below 16.2 with targets @ 15.9 15.8 in extension.

Alternative scenario: Above 16.2 look for further upside with 16.35 16.58 as targets.

Comment: As long as 16.2 is resistance, likely decline to 15.9.

Supports and resistances:

16.58

16.35

16.2

15.97 Last

15.9

15.8

15.6

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