Tanalys

Silver spot MT: rebound expected.

Pivot: 20.1

Our preference: Long positions above 20.1 with targets @ 22.17 23.05 in extension.

Alternative scenario: Below 20.1 look for further downside with 19 18.2 as targets.

Comment: a support base at 20.1 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

25.1

23.05

22.17

20.5 Last

20.1

19

18.2

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