NEWS: Silver price is falling -1.3% as U.S. Non-farm payrolls data together with U.S. Unemployment rate came out better than expected.
Possible Scenarios:
If Silver fails to breach through S1 of 36.434, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 36.434, our Research Department expects the Silver to extend its losses to its S2 of 36.182.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
35.930 |
36.182 |
36.434 |
36.770 |
37.173 |
37.475 |
37.778 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.32 |
(+/-) £73.57 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17211
***GBP/USD = 1.35917
Calculations for exchange rate used as of Thursday, July 3, 2025, 13:35 GMT+1