NEWS: Silver price is falling -3.3% following a speech by the US President Trump at Davos
Possible Scenarios:
If Silver fails to breach through S2 of 91.248, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 91.248, our Research Department expects the Silver to extend its losses to its S3 of 89.61
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
89.610 |
91.248 |
92.886 |
95.070 |
97.691 |
99.656 |
101.622 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.4 |
(+/-) £74.44 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17100
***GBP/USD = 1.34344
Calculations for exchange rate used as of Wednesday, January 21, 2026, 15:35 GMT