NEWS: Silver price is falling -2.9% following better than expected US manufacturing data
Possible Scenarios:
If Silver fails to breach through S2 of 37.287, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 37.287, our Research Department expects the Silver to extend its losses to its S3 of 36.991.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
36.991 |
37.287 |
37.584 |
37.980 |
38.455 |
38.811 |
39.167 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €86.42 |
(+/-) £74.78 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.15716
***GBP/USD = 1.33727
Calculations for exchange rate used as of Wednesday, July 16, 2025, 15:00 GMT+1