Tanalys

Silver spot Intraday: rebound expected.

Pivot: 21.25

Our preference: Long positions above 21.25 with targets @ 22 22.45 in extension.

Alternative scenario: Below 21.25 look for further downside with 20.9 20.6 as targets.

Comment: a support base at 21.25 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

23.05

22.45

22

21.61 Last

21.25

20.9

20.6

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