Tanalys

Silver spot MT: caution

Our preference: a break above 21.60 would call for a rise towards 23.05.

Alternative scenario: below 21.60, the risk is a drop towards 17.1 and 16.

Comment: The RSI is negative but supported by a strong support. Outlook to remain neutral until an outbreak occur

Trend: ST consolidation; MT range.

Supports and resistances:

25.1

23.05

21.60

19.50 Last

18.20

17.1

16

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