Silver price is rising 2.7%
November 2, 2026
NEWS: Silver price is rising 2.7% as the US Dollar weakens respectively.
Possible Scenarios:
If Silver fails to breach through R1 of 51.237, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 51.237, our Analysis Department expects Silver to extend its gains to its R2 of 51.987.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
48.156 |
48.781 |
49.405 |
50.238 |
51.237 |
51.987 |
52.736 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €89.15 |
(+/-) £74.56 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12171
***GBP/USD = 1.34128
Calculations for exchange rate used as of Monday, November 2, 2026, 15:03: GMT +1