Tanalys

Silver spot Intraday: key resistance at 16.

Pivot: 16

Our preference: Short positions below 16 with targets @ 15.82 15.7 in extension.

Alternative scenario: Above 16 look for further upside with 16.09 16.2 as targets.

Comment: As long as 16 is resistance, likely decline to 15.82.

Supports and resistances:

16.2

16.09

16

15.924 Last

15.82

15.7

15.6

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