(29 January 2020)Silver spot ($) The downside prevails.

Pivot
 (invalidation): 17.6400
Our preference
Short positions below 17.6400 with targets at 17.3600 & 17.2000 in extension.
Alternative scenario
Above 17.6400 look for further upside with 17.7300 & 17.8100 as targets.
Comment
The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)