Silver ST: consolidation in place.

Pivot: 49.40

Our preference: short positions below 49.40 with targets at 43.70 & 41.60 in extension.

Alternative scenario: above 49.40 look for further upside with 51.40 & 54.50 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

54.50

51.40

49.40

47.37 Last

43.70

41.60

39.50