Pivot: 19.80
Our preference: SHORT positions below 19.8 with 19 18.7 in sight.
Alternative scenario: The upside penetration of 19.8 will call for 20.15 20.65.
Comment: Silver prices have broken below a rising trend line.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
20.65** Fib retracement (50%)
20.15** Intraday resistance
19.8*** Intraday pivot point
19.367 Last
19** Intraday support
18.7** Intraday support
18.2** Intraday support
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