Pivot: 20.25
Our preference: SHORT positions below 20.25 with targets @ 19.25 18.7.
Alternative scenario: The upside penetration of 20.25 will call for a rebound towards 20.6 21.
Comment: silver prices remain within a bearish channel.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
21* Fib projection
20.6** Previous high
20.25*** Intraday pivot point
19.73 Last
19.25** Intraday support
18.7** Intraday support
18.2** Intraday support
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