Silver Intra-day Analysis 8th Feb. 2021
Under Pressure
Our Pivot: 27.41
Our Preference: Short sell Silver below 27.23 with strict stop loss of 27.41 and profit target at 26.80 with extension towards 26.60.
Alternate Scenario: Upward penetration of 27.41 will call for 27.73.
NOTE: Silver is facing rejection from resistant trend line of its bullish price channel on hourly chart.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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 | 6.1253 | 6.1295 | 6.223 | 6.0609 |
| USOil | 74.474 | 74.508 | 76.093 | 71.729 |
| UKOil | 79.025 | 79.085 | 80.616 | 75.434 |
| NGAS | 3.217 | 3.229 | 3.3601 | 3.2115 |
| WHEATF | 605.7 | 606.8 | 627.43 | 610.07 |
| XAUUSD | 4079.14 | 4079.44 | 4134.2 | 4021.59 |
| XAGUSD | 58.208 | 58.533 | 61.188 | 57.063 |