Silver Intra-day Analysis 8th Mar. 2021

Further Advance

Our Pivot: 25.12

Our Preference: Buy Silver above 25.47 with strict stop loss of 25.12 and profit target at 26.00 with extension towards 26.30.

Alternate Scenario: Downward penetration of 25.12 will call for 24.70.

NOTE: Silver is trying to give a bullish breakout of its descending price channel

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
Copper6.57966.5838 6.5852 6.5557
USOil100.588100.622 101.778 100.574
UKOil109.811109.871 110.026 104.884
NGAS3.04393.0559 3.1284 3.0259
WHEATF657.44658.54 670.81 655.82
XAUUSD4185.214185.51 4186.22 4163
XAGUSD57.21357.539 57.616 56.715


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