NEWS: Silver price increased 1.3% amid easing fears over a widening banking problem in the US following rescue measures from authorities.
Possible Scenarios:
if Silver fails to breach through R1 of 23.932, our Research Department expects the Silver to undergo a short-term downward correction.
If Silver manages to break above its R1 of 23.932, our Research Department expects the Silver to extend its gains to its R2 of 24.100.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
23.239 |
23.379 |
23.520 |
23.707 |
23.932 |
24.100 |
24.269 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €91.87 |
(+/-) £80.99 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.08880
***GBP/USD = 1.23474
Calculations for exchange rate used as of Thursday, March 30, 2023, 14:20: AM GMT