Silver may fall to 30.60 - 30.85

Intraday: key resistance at 31.75.

Pivot

31.75

Our preference

Short positions below 31.75 with targets at 30.85 & 30.60 in extension.

Alternative scenario

Above 31.75 look for further upside with 32.00 & 32.33 as targets.

Comment

As long as the resistance at 31.75 is not surpassed, the risk of the break below 30.85 remains high.

Supports and resistances

32.33

32.00

31.75

31.41 Last

30.85

30.60

30.40

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

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