Silver Intra-day Analysis 2nd Feb. 2021
Under Pressure
Our Pivot: 29.11
Our Preference: Short sell Silver below 28.75 with strict stop loss of 29.11 and profit target at 28.05 with extension towards 27.73.
Alternate Scenario: Upward penetration of 29.11 will call for 29.40 and 29.90.
NOTE: Silver have penetrated above resistant trend line with a positive gap on daily chart now its heading downward to fill that gap.
Chart with supports & resistances:
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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 | 4.1522 | 4.1564 | 4.1652 | 4.1373 |
| USOil | 69.504 | 69.538 | 69.656 | 68.847 |
| UKOil | 73.51 | 73.57 | 73.676 | 72.885 |
| NGAS | 3.3316 | 3.3436 | 3.3475 | 3.1884 |
| WHEATF | 575.69 | 576.79 | 577.44 | 570.57 |
| XAUUSD | 2668.75 | 2669.09 | 2669.48 | 2648.73 |
| XAGUSD | 31.253 | 31.286 | 31.327 | 30.809 |