Tanalys

Silver spot Intraday: key resistance at 16.7.

Pivot: 16.7

Our preference: Short positions below 16.7 with targets @ 16.15 15.93 in extension.

Alternative scenario: Above 16.7 look for further upside with 16.9 17.1 as targets.

Comment: As long as 16.7 is resistance, likely decline to 16.15.

Supports and resistances:

17.1 **

16.9 **

16.7 ***

16.237 Last

16.15 **

15.93 **

15.78 **

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