NEWS: Silver price is increasing 1.9% ahead of the speech by the FED Chair Jerome Powell happening tomorrow
Possible Scenarios:
If Silver fails to breach through R2 of 39.050, our Research Department expects Silver to undergo a short-term downward correction.
If Silver manages to break above its R2 of 39.050, our Research Department expects Silver to extend its gains to its R3 of 39.316.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
37.692 |
37.913 |
38.135 |
38.430 |
38.784 |
39.050 |
39.316 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.73 |
(+/-) £74.22 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16641
***GBP/USD = 1.34736
Calculations for exchange rate used as of Monday, July 21, 2025, 14:55 GMT+1