Silver Intra-day Analysis 2nd Feb. 2021

Under Pressure

Our Pivot: 29.11

Our Preference: Short sell Silver below 28.75 with strict stop loss of 29.11 and profit target at 28.05 with extension towards 27.73.

Alternate Scenario: Upward penetration of 29.11 will call for 29.40 and 29.90.

NOTE: Silver have penetrated above resistant trend line with a positive gap on daily chart now its heading downward to fill that gap.

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
Copper4.69954.7037 4.7445 4.6153
USOil58.46358.487 59.877 57.718
UKOil61.48161.521 62.746 60.651
NGAS3.6433.652 3.6791 3.4136
WHEATF543.06543.42 547.19 530.2
XAUUSD3239.273239.57 3269.71 3222.76
XAGUSD31.9532.08 32.742 31.918


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