NEWS: Silver is increasing 1.5%, holding near its highest level in 14 years, as persistent geopolitical tensions continue to bolster demand for safe-haven instruments.
Possible Scenarios:
If Silver fails to breach through R1 of 41.159, our Research Department expects Silver to undergo a short-term downward correction.
If Silver manages to break above its R1 of 41.159, our Research Department expects Silver to extend its gains to its R2 of 41.469.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
39.883 |
40.141 |
40.400 |
40.745 |
41.159 |
41.469 |
41.780 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €85.29 |
(+/-) £73.99 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17250
***GBP/USD = 1.35147
Calculations for exchange rate used as of Monday, September 8, 2025, 08:35 (GMT+1)