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 | 5.1178 | 5.122 | 5.1471 | 5.0192 |
| USOil | 65.102 | 65.126 | 66.108 | 64.803 |
| UKOil | 67.414 | 67.454 | 68.446 | 67.179 |
| NGAS | 3.7354 | 3.7444 | 3.7556 | 3.5064 |
| WHEATF | 540.94 | 541.3 | 545.69 | 536.09 |
| XAUUSD | 3273.4 | 3273.7 | 3328.35 | 3255.7 |
| XAGUSD | 35.977 | 36.019 | 36.744 | 35.78 |