Tanalys

SILVER (Spot) intraday: key ST resistance at 23.85

Pivot: 23.85

Our preference: SHORT positions below 23.85 with 23.12 22.85 in sight.

Alternative scenario: The upside breakout of 23.85 will open the way to 24.18 24.45.

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

Trend: ST Ltd downside; MT Bearish

Key levels Comment

24.45** Intraday resistance

24.18** Intraday resistance

23.85*** Intraday pivot point

23.424 Last

23.12** Previous low

22.85** Fib projection

22.45** Intraday support

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