(07 October 2020)Silver spot ($) Key resistance at 23.7100

Pivot
 (invalidation): 23.7100
Our preference
Short positions below 23.7100 with targets at 23.0500 & 22.8300 in extension.
Alternative scenario
Above 23.7100 look for further upside with 24.0000 & 24.2000 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)