Tanalys

SILVER (Spot) intraday: key ST resistance at 24.7

Pivot: 24.70

Our preference: SHORT positions below 24.7 with 24.15 23.9 in sight.

Alternative scenario: The upside penetration of 24.7 will call for a rebound towards 25.1 25.45.

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

Trend: ST Bullish; MT Range

Key levels Comment

25.45** Horizontal resistance

25.1** Intraday resistance

24.7*** Intraday pivot point

24.337 Last

24.15** Intraday support

23.9** Intraday support

23.6** Intraday support

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