Major Pivot: 20.25
GLD1881 preference: Short selling positions below 20.25 with targets @ 19.55 & 19.25.
Second scenario: The upside breakout of 20.25 will open the way to 20.6 & 21.
Comment: silver prices remain within a bearish channel.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
21* Fib projection
20.6** Previous high
20.25*** Intraday pivot point
19.87 Last
19.55** Intraday support
19.25** Intraday support
18.7** Intraday support
January 11, 2016