Tanalys

SILVER (Spot) intraday: key ST resistance at 22.2

Pivot: 22.20

Our preference: SHORT positions below 22.2 with 21.49 21.3 as next targets.

Alternative scenario: The upside penetration of 22.2 will call for a rebound towards 22.5 22.8.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

22.8 Intraday resistance

22.5 Intraday resistance

22.2 Intraday pivot point

21.88 Last

21.49 Intraday support

21.3 Intraday support

20.95 Intraday support

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