Silver Intraday: expect 48.50.

Pivot: 46.80

Our preference: long positions above 46.80 with targets at 48.05 & 48.50 in extension.

Alternative scenario: below 46.80 look for further downside with 46.20 & 45.65 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

48.90

48.50

48.05

47.53 Last

46.80

46.20

45.65