Tanalys

Silver spot Intraday: key resistance at 16.29.

Pivot: 16.29

Our preference: Short positions below 16.29 with targets @ 15.75 15.55 in extension.

Alternative scenario: Above 16.29 look for further upside with 16.72 16.9 as targets.

Comment: As long as 16.29 is resistance, expect a return to 15.75.

Supports and resistances:

16.9 **

16.72 **

16.29 ***

16.09 Last

15.75 **

15.55 **

15.35 **

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