NEWS: Silver price is falling 2.1% as uncertainties rise ahead of tomorrow’s US ADP Nonfarm Employment Change data for October.
Possible Scenarios:
If Silver fails to breach through S2 of 46.785, our Research Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 46.785, our Research Department expects Silver to extend its losses to its S3 of 46.340.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
46.340 |
46.785 |
47.229 |
47.822 |
48.533 |
49.067 |
49.600 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.14 |
(+/-) £76.69 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.14764
***GBP/USD= 1.30398
Calculations for exchange rate used as of Tuesday, November 4, 2025, 14:40 GMT