NEWS: Silver price is falling -1.9% following an announcement that US President Trump will have huge positive news this week
Possible Scenarios:
If Silver fails to breach through S1 of 57.385, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 57.385, our Research Department expects the Silver to extend its losses to its S2 of 56.624
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
55.862 |
56.624 |
57.385 |
58.400 |
59.618 |
60.532 |
61.445 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.95 |
(+/-) £75.09 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16342
***GBP/USD = 1.33174
Calculations for exchange rate used as of Monday, December 8, 2025, 15:15 GMT