Silver Intra-day Analysis 4th Mar Feb. 2021

Downside Prevails

Our Pivot: 26.50

Our Preference: Short sell below 26.28 with strict stop loss of 26.50 and profit target at 25.92 with extension towards 25.80.

Alternate Scenario: Upward penetration of 26.50 will call for 26.74.

NOTE: Silver is being capped by a descending 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
Copper4.9284.9322 5.0629 4.8779
USOil63.31763.351 63.993 62.494
UKOil65.27665.336 65.876 64.596
NGAS3.72443.7364 3.7964 3.6159
WHEATF546.21547.31 549.69 540.07
XAUUSD3353.233353.53 3403.56 3339.35
XAGUSD35.65635.691 36.088 34.417


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