Silver Intra-day Analysis 18th Feb. 2021

Under Pressure

Our Pivot: 27.72

Our Preference: Short sell Silver below 27.49 with strict stop loss of 27.72 and profit target at 27.05 with extension towards 26.84.

Alternate Scenario: Upward penetration of 27.72 will call for 28.00.

NOTE: Silver have retested supportive trend line of its previous bullish price channel as resistance and now its heading for bearish expansion.

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

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