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:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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