Silver Intraday: expect 58.75.

Pivot: 55.50

Our preference: long positions above 55.50 with targets at 58.00 & 58.75 in extension.

Alternative scenario: below 55.50 look for further downside with 54.70 & 54.10 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:

60.00

58.75

58.00

57.00 Last

55.50

54.70

54.10