NEWS: Silver price is rising 2.3% as geopolitical tensions remain very high
Possible Scenarios:
If Silver fails to breach through R1 of 94.508, our Research Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 94.508, our Research Department expects Silver to extend its gains to its R2 of 96.433.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
86.591 |
88.195 |
89.800 |
91.940 |
94.508 |
96.433 |
98.359 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.77 |
(+/-) £74.34 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16589
***GBP/USD = 1.34514
Calculations for exchange rate used as of Wednesday, January 14, 2026, 13:02 GMT