(07 February 2020)Silver spot ($) Supported by a rising trend line.

Pivot
 (invalidation): 17.7000
Our preference
Long positions above 17.7000 with targets at 17.8800 & 17.9700 in extension.
Alternative scenario
Below 17.7000 look for further downside with 17.6200 & 17.5400 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)