NEWS: Silver price is rising 1%, hitting its highest price since October 2012, as US President Trump reignited tariff concerns earlier this week.
Possible Scenarios:
If Silver fails to breach through R1 of 37.713, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 37.713, our Research Department expects Silver to extend its gains to its R2 of 38.015.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
36.470 |
36.722 |
36.974 |
37.310 |
37.713 |
38.015 |
38.318 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|||
(+/-) $100 |
(+/-) €85.56 |
(+/-) £73.84 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16875
***GBP/USD = 1.35420
Calculations for exchange rate used as of Friday, July 11, 2025, 09:00 GMT+1