NEWS: Silver price is increasing 2.1% after FED Chair Jerome Powell signaled further interest rate cuts.
Possible Scenarios:
if Silver fails to breach through R1 of 53.143, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 53.143, our Research Department expects the Silver to extend its gains to its R2 of 53.791.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
50.482 |
51.021 |
51.561 |
52.280 |
53.143 |
53.791 |
54.438 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €85.97 |
(+/-) £74.92 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16324
***GBP/USD = 1.33472
Calculations for exchange rate used as of Wednesday, October 15, 2025, 8:30 GMT+1