Silver spot Intraday: key resistance at 16.38t
Pivot: 16.38
Our preference: Short positions below 16.38 with targets @ 16.05 & 15.9 in extension.
Alternative scenario: Above 16.38 look for further upside with 16.6 & 16.79 as targets.
Comment: As long as the resistance at 16.38 is not surpassed, the risk of the break below 16.05 remains high.
