NEWS: Silver price is increasing 2.4% ahead of FOMC meeting minutes later today, followed by Thursday’s jobs report, both of which could provide more clarity on the interest rate outlook.
Possible Scenarios:
If Silver fails to breach through R1 of 52.688, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 52.688, our Research Department expects the Silver to extend its gains to its R2 of 53.629.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
48.816 |
49.601 |
50.386 |
51.432 |
52.688 |
53.629 |
54.571 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.44 |
(+/-) £76.22 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.15682
***GBP/USD = 1.31197
Calculations for exchange rate used as of Wednesday, November 19, 2025, 10:55 GMT