NEWS: Silver price is falling -3.3% after US Initial Jobless claims data came out lower than expected.
Possible Scenarios:
If Silver fails to breach through S1 of 86.367, our Research Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 86.367, our Research Department expects Silver to extend its losses to its S2 of 84.790
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
83.213 |
84.790 |
86.367 |
88.470 |
90.993 |
92.886 |
94.778 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.14 |
(+/-) £74.74 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16083
***GBP/USD = 1.33796
Calculations for exchange rate used as of Thursday, January 15, 2026, 13:38 GMT