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 | 6.7973 | 6.8015 | 6.8119 | 6.6997 |
| USOil | 93.652 | 93.686 | 94.736 | 92.108 |
| UKOil | 98.301 | 98.361 | 99.481 | 96.744 |
| NGAS | 2.9705 | 2.9825 | 2.9986 | 2.9355 |
| WHEATF | 751.2 | 752.3 | 763.44 | 732.09 |
| XAUUSD | 4403.15 | 4403.45 | 4443.19 | 4387.86 |
| XAGUSD | 65.96 | 66.281 | 67.34 | 65.532 |