NEWS: Silver price is falling -0.9% ahead of Trump-Putin meeting happening on Friday in Alaska
Possible Scenarios:
If Silver fails to breach through S1 of 38.201, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 38.201, our Research Department expects the Silver to extend its losses to its S2 of 38.009.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
37.817 |
38.009 |
38.201 |
38.457 |
38.764 |
38.995 |
39.225 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.6 |
(+/-) £73.66 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16829
***GBP/USD = 1.35759
Calculations for exchange rate used as of Thursday, August 14, 2025, 09:30 GMT+1