Tanalys

Silver spot intraday: rebound in sight.

Pivot: 19.50

Our preference: LONG positions @ 19.55 with targets @ 19.8 20.15.

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

20.5 Intraday resistance

20.15 Intraday resistance

19.8 Intraday resistance

19.589 Last

19.5 Intraday pivot point

19.1 Intraday support

18.6 Intraday support

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