(07 FEBRUARY 2019)Silver spot ($):Capped by a negative trend line.

Pivot (invalidation): 15.7900

Our preference

Short positions below 15.7900 with targets at 15.5800 & 15.4300 in extension.

Alternative scenario

Above 15.7900 look for further upside with 15.9100 & 15.9800 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)