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 | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 4.928 | 4.9322 | 5.0629 | 4.8779 |
| USOil | 63.312 | 63.346 | 63.993 | 62.494 |
| UKOil | 65.276 | 65.336 | 65.876 | 64.596 |
| NGAS | 3.7244 | 3.7364 | 3.7964 | 3.6159 |
| WHEATF | 546.09 | 547.19 | 549.69 | 540.07 |
| XAUUSD | 3353.17 | 3353.47 | 3403.56 | 3339.35 |
| XAGUSD | 35.656 | 35.692 | 36.088 | 34.417 |