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
Copper6.54276.5469 6.6197 6.5111
USOil85.59885.632 85.698 84.602
UKOil91.36691.426 91.865 90.591
NGAS2.71962.7316 2.7335 2.6864
WHEATF690.33691.43 696.56 674.83
XAUUSD4390.994391.29 4436.39 4386.05
XAGUSD64.79665.116 66.725 64.594


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