(08 FEBRUARY 2019)Silver spot ($):The bias remains bullish.

Pivot (invalidation): 15.6200

Our preference

Long positions above 15.6200 with targets at 15.7500 & 15.8600 in extension.

Alternative scenario

Below 15.6200 look for further downside with 15.5400 & 15.4300 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)