Tanalys

Silver spot Intraday: key resistance at 16.9.

Pivot: 16.9

Our preference: Short positions below 16.9 with targets @ 16.41 16.3 in extension.

Alternative scenario: Above 16.9 look for further upside with 17.14 17.4 as targets.

Comment: As long as 16.9 is resistance, likely decline to 16.41.

Supports and resistances:

17.4 **

17.14 **

16.9 **

16.591 Last

16.41 ***

16.3 **

16.05 **

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