Tanalys

SILVER (Spot) intraday: key ST resistance at 19.05

Pivot: 19.05

Our preference: SHORT positions below 19.05 with targets @ 18.4 17.78.

Alternative scenario: The upside penetration of 19.05 will call for 19.45 19.8.

Comment: as long as the resistance at 19.05 is not surpassed, the risk of the break below 18.4 remains high.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

19.8** Intraday resistance

19.45** Intraday resistance

19.05*** Intraday pivot point

18.75 Last

18.4** Intraday support

17.78* Fib projection

17.2*** Horizontal support

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