Tanalys

Silver spot MT: targeting 23.05

We move up our pivot point to 19.70.

Our preference: as long as 19.70 is support, the upside prevails.

Alternative scenario: below 19.70, expect a consolidation to 18.2 15.65.

Comment: Resistances are at 23.05 and then at 25.1. The 20-day moving average crossed above the 50-day moving average, forming a golden cross.

Trend: ST rise; MT bullish.

Supports and resistances:

26

25.1

23.05

21.8 Last

19.7

18.2

15.65

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