NEWS: Silver price is increasing 1.9%, reaching a new 14-year high, as US Government remains shutdown.
Possible Scenarios:
if Silver fails to breach through R1 of 48.171, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 48.171, our Research Department expects the Silver to extend its gains to its R2 of 48.720.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
45.916 |
46.373 |
46.831 |
47.440 |
48.171 |
48.720 |
49.268 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €85.17 |
(+/-) £74.23 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17413
***GBP/USD = 1.34714
Calculations for exchange rate used as of Thursday, October 2, 2025, 13:50 GMT+1