(19 October 2020)Silver spot ($) Key resistance at 24.5100.

Pivot
 (invalidation): 24.5100
Our preference
Short positions below 24.5100 with targets at 24.0300 & 23.7400 in extension.
Alternative scenario
Above 24.5100 look for further upside with 24.6300 & 24.8700 as targets.
Comment
As Long as the resistance at 24.5100 is not surpassed, the risk of the break below 24.0300
remains high.

(By Swissquote TRADING CENTRAL)