Tanalys

SILVER (Spot) intraday: key ST resistance at 24.2

Pivot: 24.20

Our preference: SHORT positions below 24.2 with 23.35 23.05 in sight.

Alternative scenario: The upside penetration of 24.2 will call for 24.4 24.7.

Comment: the break below the rising trend line is a negative signal. In addition, the RSI is bearish and calls for further decline.

Trend: ST Bullish; MT Range

Key levels Comment

24.7** Intraday resistance

24.4*** Intraday resistance

24.2** Intraday pivot point

23.798 Last

23.35** Intraday support

23.05** Intraday support

22.45** Intraday support

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