NEWS: Silver price is falling -2.1% following decreased safe haven demand caused by weakening trade tensions
Possible Scenarios:
If Silver fails to breach through S1 of 31.898, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 31.898, our Research Department expects the Silver to extend its losses to its S2 of 31.619.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
31.340 |
31.619 |
31.898 |
32.270 |
32.716 |
33.051 |
33.386 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.26 |
(+/-) £75.21 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12028
***GBP/USD = 1.32956
Calculations for exchange rate used as of Friday, May 16, 2025, 12:35 GMT+1