NEWS: Silver price is falling -1.1%. Silver prices are falling as the US dollar rebounds and yields spike on stronger than expected Durable Goods Orders from the US.
Possible Scenarios:
If Silver fails to breach through S1 of 24.493, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 24.493, our Research Department expects the Silver to extend its losses to its S2 of 24.291
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
24.089 |
24.291 |
24.493 |
24.763 |
25.087 |
25.329 |
25.572 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €92.25 |
(+/-) £79.18 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.08404
***GBP/USD= 1.26292
Calculations for exchange rate used as of Tuesday, March 26, 2024, GMT 14:40h