NEWS: Silver price is increasing 1.1% after the U.S. unemployment rate came in higher than expected at 4.6%
Possible Scenarios:
If Silver fails to breach through R1 of 65.098, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 65.098, our Research Department expects Silver to extend its gains to its R2 of 66.191.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
60.603 |
61.514 |
62.425 |
63.640 |
65.098 |
66.191 |
67.285 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €84.93 |
(+/-) £74.53 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17741
***GBP/USD = 1.34181
Calculations for exchange rate used as of Tuesday, December 16, 2025, 14:18 GMT