Tanalys

Silver spot Intraday: key resistance at 16.67.

Pivot: 16.67

Our preference: Short positions below 16.67 with targets @ 16.3 16.2 in extension.

Alternative scenario: Above 16.67 look for further upside with 16.9 17.14 as targets.

Comment: As long as 16.67 is resistance, likely decline to 16.3.

Supports and resistances:

17.14 **

16.9 **

16.67 **

16.44 Last

16.3 ***

16.2 **

16.05 **

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