Silver price is falling -3.7%
August 28, 2026
NEWS: Silver price is falling -3.7% as volatility increases while Kevin Warsh delivers a speech at the Jackson Hole Economic Symposium.
Possible Scenarios:
If Silver fails to breach through S1 of 68.043, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 68.043, our Analysis Department expects Silver to extend its losses to its S2 of 67.410.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
66.776 |
67.410 |
68.043 |
68.888 |
69.902 |
70.662 |
71.422 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €86.12 |
(+/-) £73.78 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16124
***GBP/USD = 1.35537
Calculations for exchange rate used as of Friday, August 28, 2026, 3:17: PM