CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Silver

Market Opportunities - 13/05/2022

13 May, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Silver weekly uptrend opportunity based On 1.00 Lot Calculation:

  • GEOPOLITICS (RUSSIA- UKRAINE WAR): President Vladimir Putin announced an attack on Ukraine on February 24, 2022, days after he recognized two breakaway regions of Russia’s neighbor as independent. Attacks are occurring in Kyiv, Odessa, Mariupol and other locations in Ukraine. Geopolitical tensions usually push investors towards the safe haven Gold and Silver, in an attempt to protect their wealth. Silver could be expected to benefit from the rising Russia- Ukraine tensions.

  • RUSSIA TO FACE MORE SANCTIONS THAT COULD LEAD TO FURTHER ESCALATIONS: The EU is still considering sanctions against the Russian oil and natural gas, while Russia says the EU should pay in Russian Rubles if they do not want to stop receiving oil and gas from Russia. This could easily lead to economic recessions across the globe, pushing investor to look for protection with the safe- haven Gold and Silver.

  • US APRIL INFLATION CAME IN AT 8.3% (VS. 8.1% EXPECTED), BUT BELOW MARCH’S 8.5% (WHICH WAS THE HIGHEST SINCE 1982). Inflation has continued to rise, moved up by high stimulus packages provided by the US Federal Reserve and the US Congress. A rising inflation usually increases demand for gold as the asset is traditionally considered a store of value, which tends to protect the purchasing power of people’s wealth amid higher inflation.

  • ANALYST OPINION: Commerzbank sees silver reaching $26 an ounce in 2022. Goldman Sachs recently said that Silver could go up to $30.

  • TECHNICAL ANALYSIS: SILVER FALLS CLOSE TO ITS LONG TERM SUPPORT OF 22.00. Recent sell- off with Silver pushed the price down to its long term support of 22, which has been active since the second half of 2020.

Silver, May 13, 2022
Current Price: 20.700

Silver

Weekly

Trend direction

UP

Resistance 3

25.000

Resistance 2

23.500

Resistance 1

22.000

Support 1

19.600

Support 2

19.300

Support 3

19.000

Example of calculation base on weekly trend direction for 1.00 Lot1

SILVER

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

43,000.00

28,000.00

13,000.00

-11,000.00

-14,000.00

-17,000.00

Profit or loss in €2

41,409.86

26,964.56

12,519.26

-10,593.22

-13,482.28

-16,371.34

Profit or loss in £2

35,292.77

22,981.34

10,669.91

-9,028.38

-11,490.67

-13,952.95

Profit or loss in C$2

55,946.44

36,430.24

16,914.04

-14,311.88

-18,215.12

-22,118.36

1. 1.00 lot is equivalent of 10000 units

2. Calculations for exchange rate used as of 09:00 (GMT+1) 13/05/2022

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one

  • Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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