Silver price increased 1.0%

Fast Moving Market - 30/11/2022

30 November, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Silver price increased 1.0%. Silver prices are rising sharply, as weak ADP data from the US pushes the US dollar lower.

Possible Scenarios:

If Silver fails to breach through R1 of 21.81, our Research Department expects the Silver to undergo a short- term downward correction.

If Silver manages to break above its R1 of 21.81, our Research Department expects Silver to extend its gains to its R2 of 21.997.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	21.039	21.195	21.352	21.560	21.810	21.997	22.185

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €96.38	(+/-) £83.36

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.03760
***GBP/USD = 1.19962
Calculations for exchange rate used as of 13:50 (GMT) 30/11/2022

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