Silver may fall to 29.00 - 29.20

Pivot

29.85

Our preference

Short positions below 29.85 with targets at 29.20 & 29.00 in extension.

Alternative scenario

Above 29.85 look for further upside with 30.05 & 30.25 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

30.25

30.05

29.85

29.60 Last

29.20

29.00

28.80

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