SILVER Pivot Points Analysis - ranging bearish below Yearly Central Pivot

W1 price crossed yearly Central Pivot at 17.41 from above to below in May this year: the price is on bearish market condition with 14.35 intermediate support level located between Yearly PP at 17.41 and S1 Pivot at 12.66.

• If the price breaks Yearly PP at 17.41 from below to above so we will see the reversal of the price movement to the primary bullish market condition.
• If the price will break S1 Pivot at 12.66 so the bearish market condition will be continuing.
• If not so the price will be ranging between the levels.
  

Trend:

• D1 - ranging bearish
• W1 - ranging bearish
• MN1 - bearish