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 | 4.6576 | 4.6618 | 4.7391 | 4.6261 |
| USOil | 63.242 | 63.276 | 63.693 | 62.738 |
| UKOil | 66.125 | 66.185 | 66.626 | 65.694 |
| NGAS | 3.545 | 3.557 | 3.63 | 3.4749 |
| WHEATF | 523.96 | 525.06 | 525.19 | 510.33 |
| XAUUSD | 3180.19 | 3180.49 | 3257.28 | 3174.92 |
| XAGUSD | 32.259 | 32.297 | 32.997 | 32.108 |