NEWS: Silver price is increasing 2.0% ahead of U.S. Tax Bill vote, along with U.S. Non-farm payrolls data release this week.
Possible Scenarios:
If Silver fails to breach through R2 of 36.789, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R2 of 36.789, our Research Department expects the Silver to extend its gains to its R3 of 37.097.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
35.214 |
35.471 |
35.728 |
36.070 |
36.481 |
36.789 |
37.097 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.86 |
(+/-) £72.71 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17841
***GBP/USD = 1.37540
Calculations for exchange rate used as of Tuesday, July 1, 2025, 8:35 GMT+1