Silver price increased 1.5%

Fast Moving Market - 01/04/2021

01 April, 2021

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 1.5%. Silver prices are rising along with other metals as long term U.S. treasury yields retreat. The yield on the U.S. 10-year note just fell below 1.70%.

Possible Scenarios:

If Silver fails to breach through R2 of 24.834, our Research Department expects the Silver to undergo a short- term downward correction.

If Silver manages to break above its R2 of 24.834, our Research Department expects the Silver to extend its gains to its R3 of 25.08.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	23.577	23.782	23.987	24.260	24.588	24.833	25.079

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-)100$	(+/-)85.07€	(+/-)72.51£

*1 trading lot is equivalent of 10000 units
** EUR/USD = 1.17544
*** GBP/USD = 1.37920
Calculations for exchange rate used as of 14:20 (GMT+1) 01/04/2021

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