NEWS: Silver price is rising 2.2% as optimism rises over Trump’s planned $2,000 stimulus checks, which could be distributed soon, and it could increase dollar money supply by more than $300 billion.
Possible Scenarios:
If Silver fails to breach through R1 of 54.78, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 54.78, our Research Department expects Silver to extend its gains to its R2 of 55.358.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
52.406 |
52.887 |
53.368 |
54.010 |
54.780 |
55.358 |
55.935 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.12 |
(+/-) £76.13 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16118
***GBP/USD = 1.31352
Calculations for exchange rate used as of Thursday, November 13, 2025, 08:00 GMT