NEWS: Silver price is increasing 1.2% following increased safe – haven demand as geopolitical tensions rise
Possible Scenarios:
If Silver fails to breach through R1 of 33.702, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 33.702, our Research Department expects the Silver to extend its gains to its R2 of 34.006.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
32.453 |
32.706 |
32.959 |
33.297 |
33.702 |
34.006 |
34.310 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €87.8 |
(+/-) £74.64 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.13893
***GBP/USD = 1.33981
Calculations for exchange rate used as of Tuesday, April 29, 2025, 13:50 GMT+1