NEWS: Silver price is rising 2.3%, hitting a fresh 14- year high after Citigroup raised its Q4 price target to $55 per ounce.
Possible Scenarios:
If Silver fails to breach through R1 of 47.940, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 47.940, our Research Department expects Silver to extend its gains to its R2 of 48.450.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
45.843 |
46.268 |
46.693 |
47.260 |
47.940 |
48.450 |
48.961 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.05 |
(+/-) £73.94 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17581
***GBP/USD = 1.35240
Calculations for exchange rate used as of Wednesday, October 1, 2025, 14:45 GMT+1