NEWS: Silver prices rose 0.9%, erasing most of last Friday’s losses. The metal is currently trading near the record high reached last week.
Possible Scenarios:
if Silver fails to breach through R1 of 64.462, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 64.462, our Research Department expects Silver to extend its gains to its R2 of 65.425.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
60.503 |
61.305 |
62.108 |
63.178 |
64.462 |
65.425 |
66.388 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €85.22 |
(+/-) £74.79 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17344
***GBP/USD = 1.33703
Calculations for exchange rate used as of Monday, December 15, 2025, 09:05 (GMT)