(21 DECEMBER 2018)Silver spot ($):Bullish bias above 14.6800.

Pivot (invalidation): 14.6800

Our preference

Long positions above 14.6800 with targets at 14.8400 & 14.8900 in extension.

Alternative scenario

Below 14.6800 look for further downside with 14.6200 & 14.5300 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited

(By Swissquote TRADING CENTRAL)