Pivot: 14.35
Our preference: Long positions above 14.35 with targets @ 15.67 16.44 in extension.
Alternative scenario: Below 14.35 look for further downside with 13.65 13.2 as targets.
Comment: The outlook is neutral now. Silver is moving sideway between its key support at 14.35 and key resistance at 15.67. An outbreak above or below one of these levels gives the new direction on a daily basis.
Supports and resistances:
17.2 **
16.44 **
15.67 ***
14.607 Last
14.35 ***
13.65 **
13.2 **
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