Tanalys

Silver spot ST: limited upside.

Pivot: 16.08

Our preference: Long positions above 16.08 with targets @ 18.6 19.25 in extension.

Alternative scenario: Below 16.08 look for further downside with 15 14.1 as targets.

Comment: The RSI broke above a declining trend line.

Supports and resistances:

20 **

19.25 **

18.6 **

17.712 Last

16.08 ***

15 **

14.1 **

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