Tanalys

Silver spot Intraday: key resistance at 17.05.

Pivot: 17.05

Our preference: Short positions below 17.05 with targets @ 16.71 16.6 in extension.

Alternative scenario: Above 17.05 look for further upside with 17.17 17.37 as targets.

Comment: As long as 17.05 is resistance, likely decline to 16.71.

Supports and resistances:

17.37 **

17.17 **

17.05 ***

16.893 Last

16.71 **

16.6 **

16.52 **

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