Tanalys

Silver spot intraday: rebound expected.

Pivot: 19.50

Our preference: LONG positions above 19.5 with targets @ 20.5 21.

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

Comment: the RSI advocates for further advance.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

21.5 Intraday resistance

21 Intraday resistance

20.5 Intraday resistance

20.06 Last

19.5 Intraday pivot point

19.1 Intraday support

18.6 Intraday support

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