Tanalys

Silver spot ST: under pressure.

Pivot: 17.75

Our preference: Short positions below 17.75 with targets @ 15 14.1 in extension.

Alternative scenario: Above 17.75 look for further upside with 18.6 19.9 as targets.

Comment: As long as 17.75 is resistance, likely decline to 15.

Supports and resistances:

19.9 **

18.6 **

17.75 **

16.301 Last

15 ***

14.1 **

13.2 **

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