NEWS: Silver price is falling -1.5% as silver retreates from its 14-year highs
Possible Scenarios:
If Silver fails to breach through S2 of 38.607, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 38.607, our Research Department expects the Silver to extend its losses to its S3 of 38.421
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
38.421 |
38.607 |
38.792 |
39.040 |
39.337 |
39.560 |
39.783 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.21 |
(+/-) £73.88 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17352
***GBP/USD = 1.35347
Calculations for exchange rate used as of Thursday, July 24, 2025, 14:00: GMT+1