Tanalys

SILVER (Spot) intraday: key ST resistance at 22.6

Pivot: 22.60

Our preference: SHORT positions below 22.6 with targets @ 21.6 21.2.

Alternative scenario: The upside breakout of 22.6 will open the way to 23 23.4.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Bearish; MT Bearish

Key levels Comment

23.4 Intraday resistance

23 Intraday resistance

22.6 Intraday pivot point

21.858 Last

21.6 Intraday support

21.2 Intraday support

20.6 Intraday support

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