Tanalys

Silver spot MT: the downside prevails.

Pivot: 20.6

Our preference: Short positions below 20.6 with targets @ 19 18.2 in extension.

Alternative scenario: Above 20.6 look for further upside with 21.65 22.17 as targets.

Comment: As long as 20.6 is resistance, expect a return to 19.

Supports and resistances:

22.17

21.65

20.6

20.043 Last

19

18.2

15.65

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