Silver price is rising 2.2%
October 27, 2026
NEWS: Silver price is rising 2.2% after touching its lowest level in 11 months earlier today, and ahead of tomorrow’s Federal Reserve interest rate decision.
Possible Scenarios:
If Silver fails to breach through R1 of 55.320, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 55.320, our Analysis Department expects Silver to extend its gains to its R2 of 56.010.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
52.484 |
53.059 |
53.634 |
54.400 |
55.320 |
56.010 |
56.699 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.71 |
(+/-) £75.07 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.11466
***GBP/USD = 1.33217
Calculations for exchange rate used as of Tuesday, October 27, 2026, 14:56 GMT+1