Tanalys

SILVER Spot intraday: key ST resistance at 20.3

Pivot: 20.30

Our preference: SHORT positions below 20.3 with 19.65 19.25 as next targets.

Alternative scenario: The upside penetration of 20.3 will call for a rebound towards 20.5 20.7.

Comment: capped by a negative trend line.

Trend: ST Bearish; MT Ltd downside

Key levels Comment

20.7 Intraday resistance

20.5 Intraday resistance

20.3 Intraday pivot point

19.968 Last

19.65 Intraday support

19.25 Intraday support

18.95 Intraday support

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