Silver spot Intraday: key resistance at 18.4000. 01 March 2017

Pivot: 18.4000

Our preference: short positions below 18.4000 with targets at 18.2000 & 18.1200 in extension.

Alternative scenario: above 18.4000 look for further upside with 18.4800 & 18.5500 as targets.

Comment: the RSI advocates for further decline.