Tanalys

SILVER (Spot) intraday: key ST resistance at 23.4

Pivot: 23.40

Our preference: SHORT positions below 23.4 with 22.75 22.45 in sight.

Alternative scenario: The upside penetration of 23.4 will call for a rebound towards 23.8 24.1.

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

Trend: ST Bullish; MT Range

Key levels Comment

24.1 Intraday resistance

23.8 Intraday resistance

23.4 Intraday pivot point

22.999 Last

22.75 Intraday support

22.45 Intraday support

22.2 Intraday support

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