Tanalys

Silver spot Intraday: key resistance at 16.58.

Pivot: 16.58

Our preference: Short positions below 16.58 with targets @ 16.23 15.7 in extension.

Alternative scenario: Above 16.58 look for further upside with 16.8 17.15 as targets.

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

Supports and resistances:

17.15 **

16.8 **

16.58 ***

16.53 Last

16.23 *

15.7 **

15.5 **

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