Tanalys

SILVER (Spot) intraday: key ST resistance at 22.85

Pivot: 22.85

Our preference: SHORT positions below 22.85 with 22.25 21.95 in sight.

Alternative scenario: The upside breakout of 22.85 will open the way to 23.4 24.1.

Comment: as long as 22.85 is resistance, look for choppy price action with a bearish bias.

Trend: ST Bearish; MT Bearish

Key levels Comment

24.1 Intraday resistance

23.4 Intraday resistance

22.85 Intraday pivot point

22.583 Last

22.25 Intraday support

21.95 Intraday support

21.65 Intraday support

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