Silver Intra-day Analysis 4th Feb. 2021

Under Pressure

Our Pivot: 26.73

Our Preference: Short sell Silver below 26.50 with strict stop loss of 26.73 and profit target at 26.03 with extension towards 25.80.

Alternate Scenario: Upward penetration of 26.73 will call for 27.00.

NOTE: Silver is being capped by a resistant trend line.

Chart with supports & resistances: 

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper4.65534.6595 4.7391 4.6261
USOil63.08963.123 63.693 62.738
UKOil65.98466.044 66.626 65.694
NGAS3.53553.5475 3.63 3.4749
WHEATF522.95524.05 524.44 510.33
XAUUSD3181.343181.64 3257.28 3174.92
XAGUSD32.24332.28 32.997 32.108


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