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 | 4.9306 | 4.9348 | 5.0629 | 4.8779 |
| USOil | 63.274 | 63.308 | 63.993 | 62.494 |
| UKOil | 65.244 | 65.304 | 65.876 | 64.596 |
| NGAS | 3.7281 | 3.7401 | 3.7964 | 3.6159 |
| WHEATF | 545.58 | 546.68 | 549.69 | 540.07 |
| XAUUSD | 3349.65 | 3349.95 | 3403.56 | 3339.35 |
| XAGUSD | 35.603 | 35.639 | 36.088 | 34.417 |