Tanalys

SILVER (Spot) intraday: key ST resistance at 22.23

Pivot: 22.23

Our preference: SHORT positions below 22.23 with 21.55 21.38 as next targets.

Alternative scenario: The upside penetration of 22.23 will call for 22.5 22.85.

Comment: the RSI is mixed.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

22.85** Intraday resistance

22.5** Intraday resistance

22.23** Intraday pivot point

21.866 Last

21.55** Intraday support

21.38*** Intraday support

20.8* Fib projection

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