Tanalys

SILVER Spot intraday: key ST resistance at 20.5

Pivot: 20.50

Our preference: SHORT positions below 20.5 with 20.08 19.9 in sight.

Alternative scenario: The upside penetration of 20.5 will call for 20.7 21.

Comment: as long as the resistance at 20.5 is not surpassed, the risk of the break below 20.08 remains high.

Trend: ST Bullish; MT Range

Key levels Comment

21 Intraday resistance

20.7 Intraday resistance

20.5 Intraday pivot point

20.24 Last

20.08 Intraday support

19.9 Intraday support

19.65 Intraday support

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