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 | 4.2456 | 4.2498 | 4.2535 | 4.2453 |
| USOil | 73.877 | 73.911 | 73.993 | 73.807 |
| UKOil | 77.586 | 77.626 | 78.205 | 76.824 |
| NGAS | 3.0931 | 3.1051 | 3.1156 | 3.0745 |
| WHEATF | 544.7 | 545.06 | 547.69 | 533.07 |
| XAUUSD | 2762.72 | 2763.36 | 2765.03 | 2762.17 |
| XAGUSD | 30.401 | 30.438 | 30.461 | 30.371 |