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 | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 5.0666 | 5.0708 | 5.0881 | 4.9134 |
| USOil | 65.189 | 65.223 | 65.578 | 64.643 |
| UKOil | 67.851 | 67.911 | 68.344 | 67.349 |
| NGAS | 3.55 | 3.562 | 3.6009 | 3.516 |
| WHEATF | 541.32 | 542.42 | 548.43 | 540.7 |
| XAUUSD | 3337.12 | 3337.42 | 3350.5 | 3329.19 |
| XAGUSD | 36.647 | 36.68 | 36.854 | 36.218 |