Silver spot Intraday: bullish bias above 16.6.
Pivot: 16.6
Our preference: Long positions above 16.6 with targets @ 17.18 & 17.37 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.2 & 15.78 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
