Silver Intra-day Analysis 5th Mar Feb. 2021

Caution

Our Pivot: 25.44

Our Preference: Short sell below 25.28 with strict stop loss of 25.44 and profit target at 24.95 with extension towards 24.70.

Alternate Scenario: Upward penetration of 25.44 will call for 26.00.

NOTE: Silver is moving in a bearish price channel but its being supported by a strong supportive trend line at 24.70.

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
Copper5.1055.1092 5.2354 5.0409
USOil60.63960.673 60.732 59.622
UKOil65.04965.109 65.171 64.035
NGAS3.95213.9641 3.9496 3.7804
WHEATF523.83524.93 535.94 519.82
XAUUSD4010.44010.8 4015.15 3915.09
XAGUSD48.70148.899 48.999 47.165


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