Tanalys

Silver spot intraday: rebound.

Pivot: 19.50

Our preference: LONG positions above 19.5 with targets @ 20.15 20.5.

Alternative scenario: The downside penetration of 19.5 will call for 19.1 18.6.

Comment: a support base at 19.5 has formed and has allowed for a temporary stabilisation.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

21 Intraday resistance

20.5 Intraday resistance

20.15 Intraday resistance

19.722 Last

19.5 Intraday pivot point

19.1 Intraday support

18.6 Intraday support

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