Tanalys

SILVER (Spot) intraday: key ST resistance at 20.7

Pivot: 20.70

Our preference: SHORT positions below 20.7 with 20.1 19.9 as next targets.

Alternative scenario: The upside penetration of 20.7 will call for a rebound towards 21 21.3.

Comment: technically, the RSI is below its neutrality area at 50.

Trend: ST Bullish; MT Range

Key levels Comment

21.3 Intraday resistance

21 Intraday resistance

20.7 Intraday pivot point

20.32 Last

20.1 Intraday support

19.9 Intraday support

19.65 Intraday support

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