Silver spot Intraday: continuation of the rebound.
Pivot: 16.29
Our preference: Long positions above 16.29 with targets @ 16.75 & 16.9 in extension.
Alternative scenario: Below 16.29 look for further downside with 15.93 & 15.74 as targets.
Comment: A support base at 16.29 has formed and has allowed for a temporary stabilisation.
