Silver may fall to 28.95 - 29.12

Intraday: expect 29.12.

Pivot

29.47

Our preference

Short positions below 29.47 with targets at 29.12 & 28.95 in extension.

Alternative scenario

Above 29.47 look for further upside with 29.62 & 29.75 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

29.75

29.62

29.47

29.29 Last

29.12

28.95

28.75

Number of asterisks represents the strength of support and resistance levels.

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