Silver Intra-day Analysis 8th Feb. 2021
Under Pressure
Our Pivot: 27.41
Our Preference: Short sell Silver below 27.23 with strict stop loss of 27.41 and profit target at 26.80 with extension towards 26.60.
Alternate Scenario: Upward penetration of 27.41 will call for 27.73.
NOTE: Silver is facing rejection from resistant trend line of its bullish price channel on hourly chart.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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 | 4.579 | 4.5832 | 4.5955 | 4.5346 |
| USOil | 63.953 | 63.987 | 64.568 | 63.869 |
| UKOil | 67.406 | 67.466 | 68.301 | 67.274 |
| NGAS | 3.0035 | 3.0155 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3443.11 | 3443.41 | 3450.39 | 3404.17 |
| XAGUSD | 39.723 | 39.76 | 39.986 | 38.713 |