NEWS: Silver price is increasing 1.6% after the US inflation data came in lower than expected.
Possible Scenarios:
If Silver fails to breach through R2 of 38.614, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R2 of 38.614, our Research Department expects the Silver to extend its gains to its R3 of 38.809.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
37.613 |
37.776 |
37.940 |
38.157 |
38.418 |
38.614 |
38.809 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.42 |
(+/-) £73.85 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.17070
***GBP/USD= 1.35404
Calculations for exchange rate used as of Wednesday, August 13, 2025, 8:35 GMT+1