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 | 4.6593 | 4.6635 | 4.7391 | 4.6261 |
| USOil | 63.183 | 63.217 | 63.693 | 62.738 |
| UKOil | 66.069 | 66.129 | 66.626 | 65.694 |
| NGAS | 3.5436 | 3.5556 | 3.63 | 3.4749 |
| WHEATF | 524.07 | 525.17 | 525.17 | 510.33 |
| XAUUSD | 3180.37 | 3180.67 | 3257.28 | 3174.92 |
| XAGUSD | 32.259 | 32.296 | 32.997 | 32.108 |