SILVER price increased 1.4%

Fast Moving Market - 28/11/2022

28 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 1.4%. Silver prices are rising as US Treasury yields tumble and the USD weakens, putting upward pressure on silver.

Possible Scenarios:
If Silver fails to breach through R2 of 21.627, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R2 of 21.627, our Research Department expects Silver to extend its gains to its R3 of 21.785.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	20.821	20.952	21.084	21.259	21.469	21.627	21.785

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €96.04	(+/-) £82.79

*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.04120
***GBP/USD= 1.20786
Calculations for exchange rate used as of 09:00 (GMT) 28/11/2022

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