Tanalys

SILVER (Spot) intraday: key ST resistance at 22.4

Pivot: 22.40

Our preference: SHORT positions below 22.4 with 21.58 21.1 in sight.

Alternative scenario: The upside penetration of 22.4 will call for 22.85 23.05.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Bullish; MT Range

Key levels Comment

23.05 Intraday resistance

22.85 Intraday resistance

22.4 Intraday pivot point

21.894 Last

21.58 Intraday support

21.1 Intraday support

20.5 Intraday support

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