NEWS: Silver price is falling - 4.5% as a stronger US dollar continues to weigh on precious metals.
Possible Scenarios:
If Silver fails to breach through S1 of 77.289, our Research Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 77.289, our Research Department expects Silver to extend its losses to its S2 of 75.357
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
73.425 |
75.357 |
77.289 |
79.865 |
82.956 |
85.274 |
87.593 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £75.26 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.18345
***GBP/USD = 1.32866
Calculations for exchange rate used as of Tuesday, March 3, 2026, 14:46 GMT