NEWS: Silver price is rising 0.8% as expectations for a FED rate cut next week remains high.
Possible Scenarios:
If Silver fails to breach through R1 of 59.798, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 59.798, our Research Department expects Silver to extend its gains to its R2 of 60.712.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
56.042 |
56.804 |
57.565 |
58.580 |
59.798 |
60.712 |
61.625 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.79 |
(+/-) £74.9 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16566
***GBP/USD = 1.33517
Calculations for exchange rate used as of Friday, December 5, 2025, 12:00: AM