NEWS: Silver price is falling -1.8% following lower odds of an interest rate cut by the FED in December
Possible Scenarios:
If Silver fails to breach through S1 of 47.927, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 47.927, our Research Department expects the Silver to extend its losses to its S2 of 47.350
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
46.773 |
47.350 |
47.927 |
48.696 |
49.619 |
50.311 |
51.003 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.87 |
(+/-) £76.22 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.15115
***GBP/USD = 1.31202
Calculations for exchange rate used as of Monday, November 3, 2025, 15:40 GMT