Tanalys

SILVER (Spot) intraday: rebound.

Pivot: 19.05

Our preference: LONG positions above 19.05 with 18.85 20.2 as next targets.

Alternative scenario: The downside penetration of 19.05 will call for a slide towards 18.2 17.78.

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

Trend: ST Ltd downside; MT Bearish

Key levels Comment

20.85** Intraday resistance

20.2*** Intraday resistance

19.8** Intraday resistance

19.606 Last

18.85*** Intraday pivot point

18.2** Intraday support

17.78** Intraday support

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