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 | 6.5801 | 6.5843 | 6.5852 | 6.5557 |
| USOil | 100.664 | 100.798 | 101.778 | 100.558 |
| UKOil | 109.811 | 109.871 | 110.026 | 104.884 |
| NGAS | 3.0431 | 3.0551 | 3.1284 | 3.0259 |
| WHEATF | 658.08 | 659.18 | 670.81 | 655.82 |
| XAUUSD | 4186.25 | 4186.55 | 4186.68 | 4163 |
| XAGUSD | 57.228 | 57.554 | 57.616 | 56.715 |