SILVER weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS: MIDDLE EAST
- EVENT (FRIDAY, FEBRUARY 6 AT 06:00 A.M. GMT): IRAN – U.S. NUCLEAR TALKS IN OMAN ARE STILL ON THE AGENDA DESPITE U.S. THREATS TO WITHDRAW FROM THE TALKS. According to Reuters, White House envoys Steve Witkoff and Jared Kushner will meet Iranian foreign minister Abbas Araghchi in Oman on Friday morning. The plans to hold a meeting between the US and Iran in Oman on Friday to discuss a nuclear deal are back on track, after several Arab and Muslim leaders applied urgent pressure on the Trump administration on Wednesday afternoon not to carry out the threats to withdraw from the talks.
- BREAKING (LATE JANUARY – EARLY FEBRUARY): US MILITARY ASSETS ARRIVED IN INTERNATIONAL WATERS NEAR IRAN AND ARE READY TO INTERVENE. The US “USS ABRAHAM LINCOLN” carrier and its group have arrived from to the Arabian Sea near the Gulf of Oman. Along the carrier the group is escorted with missile destroyers like the USS Spruance, USS Michael Murphy and USS Frank E Petersen. Now, Iranian targets are within the striking range of this battle group.
EVENTS
- WEDNESDAY, FEBRUARY 11 AT 13:30 GMT: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (JANUARY). Weaker-than-expected job growth and a higher unemployment rate could boost expectations of U.S. interest rate cuts, weighing on the dollar and supporting precious metals, including silver.
- FRIDAY, FEBRUARY 13 AT 13:30 GMT: US INFLATION DATA (CPI) (JANUARY). A low inflation print would reinforce the case for Fed rate cuts, putting negative pressure on the US dollar, while supporting silver prices. The headline CPI in the USA is currently at 2.7%, down from the recent 3%.
- TUESDAY, FEBRUARY 24: US PRESIDENT DONALD TRUMP AND HIS STATE OF THE UNION ADDRESS. President Trump will address a joint session of Congress marking a key yearly political event. Trump is likely to outline US administration successes so far and give a preview on plans for the rest of the year.
SILVER MARKET: HIGHER DEMAND AMID SUPPLY SHORTAGES LEADS TO A WIDENING DEFICIT
- MARKET DEFICIT: SILVER MARKET REMAINS IN DEFICIT SINCE AT LEAST 2016. The silver market faced a deficit of around 300 million ounces in 2025, according to recent reports from The Silver Institute. While the market has been in deficit since 2016, the gap has grown significantly since 2022.
- SUPPLY CONSTRAINTS: SILVER PRODUCTION REMAINS AROUND 800 MILLION OUNCES PER YEAR. Annual production has held near 800 million ounces, remaining largely unchanged since 2016. There is no clear indication that output will be meaningfully higher in 2026 or the following years.
- DEMAND REMAINS STRONG: SOLAR PANELS, ELECTRIC VEHICLES, AND A.I. INFRASTRUCTURE. Silver demand is expected to increase in 2026 and beyond due to rising demand from solar production, electric vehicles, and rapidly expanding A.I. data center infrastructure.
PRICE ACTION
- SILVER PRICE HIT A NEW ALL-TIME HIGH ON JANUARY 29, 2026 ($121.499). Silver currently trades around $78, and if it fully recovers to its previous all-time high, it could see an upside of around $43. However, the price could also decline.
TECHNICAL ANALYSIS
- LONG-TERM TREND IS UP. The overall trend of silver is up (black trendline), with the trend accelerating since November of 2025. Silver rose around 146% in 2025, followed by an increase of around 12% so far in 2026.
- SUPPORT AREA: $70. After the most recent downward price correction in late January 2026, silver prices have reinstated the $70 level or below as their next imminent support area.
- ANALYSTS’ OPINION: Citigroup forecasts $150;
GRAPH (Daily): August 2025 – February 2026
Please note that past performance does not guarantee future results
SILVER, February 05, 2026
Current Price: 78
|
SILVER |
Weekly |
|
Trend direction |
|
|
150 |
|
|
122 |
|
|
95 |
|
|
65 |
|
|
63 |
|
|
60 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
720,000 |
440,000 |
170,000 |
-130,000 |
-150,000 |
-180,000 |
|
Profit or loss in €2 |
610,516 |
373,093 |
144,150 |
-110,232 |
-127,191 |
-152,629 |
|
Profit or loss in £2 |
530,098 |
323,949 |
125,162 |
-95,712 |
-110,437 |
-132,524 |
|
Profit or loss in C$2 |
985,752 |
602,404 |
232,747 |
-177,983 |
-205,365 |
-246,438 |
- 1.00 lot is equivalent of 10,000 units
- Calculations for exchange rate used as of 09:20 (GMT) 05/02/2026
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.