Silver Intra-day Analysis 1st Feb. 2021
Further Advance
Our Pivot: 28.00
Our Preference: Buy Silver above 28.43 with strict stop loss of 28.00 and profit target at 29.22 with extension towards 29.50.
Alternate Scenario: Downward penetration of 28.00 will call for 27.70.
NOTE: Silver have penetrated above resistant trend line with a positive gap on daily chart now its heading towards resistant trend line of its bullish price channel.
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 | 5.7734 | 5.7776 | 5.7874 | 5.7708 |
| USOil | 65.133 | 65.167 | 65.436 | 64.924 |
| UKOil | 70.206 | 70.246 | 70.255 | 67.344 |
| NGAS | 3.0561 | 3.0681 | 3.07 | 3.0135 |
| WHEATF | 553.58 | 553.94 | 553.17 | 541.13 |
| XAUUSD | 4968.14 | 4969.04 | 4989.18 | 4960.53 |
| XAGUSD | 76.787 | 77.145 | 77.895 | 76.628 |