Tanalys

Silver spot MT: watch 23.05.

Pivot: 19.7

Our preference: Long positions above 19.7 with targets @ 23.05 25.1 in extension.

Alternative scenario: Below 19.7 look for further downside with 18.2 15.65 as targets.

Comment: the RSI is mixed with a bullish bias. The 20-day moving average crossed above the 50-day moving average, forming a golden cross.

Supports and resistances:

26

25.1

23.05

21.91 Last

19.7

18.2

15.65

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