Tanalys

Silver spot intraday: key ST resistance at 19.65

Pivot: 19.65

Our preference: SHORT positions below 19.65 with 19.1 18.6 as next targets.

Alternative scenario: The upside penetration of 19.65 will call for a rebound towards 19.95 20.3.

Comment: as long as the resistance at 19.65 is not surpassed, the risk of the break below 19.1 remains high.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

20.3 Intraday resistance

19.95 Intraday resistance

19.65 Intraday pivot point

19.423 Last

19.1 Intraday support

18.6 Intraday support

18.15 Intraday support

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