(12 March 2020)Silver spot ($) Under pressure.

Pivot
 (invalidation): 16.7200
Our preference
Short positions below 16.7200 with targets at 16.3700 & 16.1400 in extension.
Alternative scenario
Above 16.7200 look for further upside with 16.9100 & 17.1000 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)