NEWS: Silver price is falling -2.3% following US President Donald Trump’s Israel – Iran ceasefire announcement
Possible Scenarios:
If Silver fails to breach through S1 of 34.984, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 34.984, our Research Department expects the Silver to extend its losses to its S2 of 34.718
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
34.452 |
34.718 |
34.984 |
35.339 |
35.765 |
36.084 |
36.403 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €86.3 |
(+/-) £73.56 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.15875
***GBP/USD = 1.35939
Calculations for exchange rate used as of Tuesday, June 24, 2025, 14:55 GMT+1