Silver spot Intraday: bullish bias above 16.9.
Pivot: 16.9
Our preference: Long positions above 16.9 with targets @ 17.4 & 17.6 in extension.
Alternative scenario: Below 16.9 look for further downside with 16.6 & 16.2 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
