NEWS: Silver price is increasing 1.7% ahead of today's U.S. Non-farm Payrolls data release, along with U.S. Tax Cut bill decision.
Possible Scenarios:
f Silver fails to breach through R1 of 37.083, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 37.083, our Research Department expects the Silver to extend its gains to its R2 of 37.385.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
35.840 |
36.092 |
36.344 |
36.680 |
37.083 |
37.385 |
37.688 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €84.68 |
(+/-) £73.14 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.18089
***GBP/USD = 1.36727
Calculations for exchange rate used as of Thursday, July 3, 2025, 8:35 GMT+1