SILVER SPOT INTRADAY: BULLISH BIAS ABOVE 17.9600.
Pivot: 17.9600
Our preference: long positions above 17.9600 with targets at 18.1300 & 18.2000 in extension.
Alternative scenario: below 17.9600 look for further downside with 17.8800 & 17.8100 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.