NEWS: Silver price is increasing 4.4% as potential new US sanctions against Russia are being considered
Possible Scenarios:
If Silver fails to breach through Reference Price of 38.719, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its Reference Price of 38.719, our Research Department expects the Silver to extend its gains to its R1 of 39.122.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
37.879 |
38.131 |
38.383 |
38.719 |
39.122 |
39.424 |
39.727 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.61 |
(+/-) £74.13 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16816
***GBP/USD = 1.34898
Calculations for exchange rate used as of Friday, July 11, 2025, 15:35 GMT+1