Silver Intra-day Analysis 1st Feb. 2021

Further Advance

Our Pivot: 28.00

Our Preference: Buy Silver above 28.43 with strict stop loss of 28.00 and profit target at 29.22 with extension towards 29.50.

Alternate Scenario: Downward penetration of 28.00 will call for 27.70.

NOTE: Silver have penetrated above resistant trend line with a positive gap on daily chart now its heading towards resistant trend line of its bullish price channel.

Chart with supports & resistances: 

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper6.65436.6585 6.6639 6.6519
USOil89.83789.871 89.958 89.612
UKOil101.12101.16 101.356 97.054
NGAS3.1143.126 3.1296 3.1084
WHEATF703.69704.79 701.44 688.44
XAUUSD4165.24165.5 4168.29 4161.52
XAGUSD61.1861.501 61.628 61.11


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