NEWS: Silver price is falling 1.1% as the US dollar strengthens on Wednesday ahead of US market opening.
Possible Scenarios:
If Silver fails to breach through S2 of 32.148, our Research Department expects Silver to undergo a short-term upward correction.
If Silver manages to break below its S2 of 32.148, our Research Department expects Silver to extend its losses to its S3 of 31.886.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
31.886 |
32.148 |
32.411 |
32.760 |
33.179 |
33.494 |
33.808 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.16 |
(+/-) £75.07 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12164
***GBP/USD = 1.33212
Calculations for exchange rate used as of Wednesday, May 14, 2025, 13:25 GMT+1