Silver

Silver Weekly Special Report based on 1.00 Lot Calculation:

GEOPOLITICS:

• ISRAEL PREPARING FOR RAFAH INVASION - EVACUATION BEGINS AS ISRAEL PREPARES TO INVADE VERY SOON: Rafah is home to four Hamas combat battalions reinforced by thousands of retreating fighters. About 100,000 people in parts of eastern Rafah have "days at least to move" following the Israel Defense Forces' call to evacuate.
• RAFAH INVASION IN SIGHT AS CHANCES FOR A DEAL FELL: Israeli Defense Minister Yoav Galant told troops Sunday (MAY 5) morning in Gaza to expect intense action in Rafah in the very near future, and in other places all over the Strip, because Hamas does not intend to reach an agreement on hostages and a ceasefire. The escalation could cause a further spike in safe haven demand due to geopolitical uncertainty.
• POTENTIAL AVERAGE MARKET REACTION TO ESCALATING TENSIONS:

Source: MT4 Platform

Please note that the past performance does not guarantee future performance

EVENTS:

• EVENT (US CONSUMER PRICE INDEX (CPI) APRIL - WEDNESDAY 15 MAY 13:30 GMT+1): The United States will report its CPI for April. March CPI came in at 3.5%, Year-over-Year, well below its peak of 9.1% peak in 2022. If inflation continues to trend lower, with levels approaching the Federal Reserve’s 2% target this could be positive for Silver.

OTHER ANALYSIS:

• GOLD-SILVER RATIO: The gold-to-silver ratio is a simple way to compare the prices of gold and silver. It tells you how many ounces of silver it takes to take one ounce of gold. For example, if the ratio is 80, it means that it takes 80 ounces of silver to take one ounce of gold. Investors sometimes use this ratio to decide which metal could be a better investment at a given time. A higher ratio means that silver is relatively cheaper compared to gold, while a lower ratio means that gold is cheaper relative to silver.
• SILVER DEMAND: The United States remains the most important market with 22% of global demand for silver, while China represents 15% of global demand for silver (Source: Bloomberg). China's economy could potentially grow by about 5%. A silver price was fueled by increased safe-haven demand, as geopolitical tensions in the Middle East and Ukraine intensified. Strong manufacturing data from top consumer China and projections for growing solar installations improved the metal's industrial outlook.

ANALYST EXPECTATIONS

• The Silver Institute forecasts global silver demand to hit 1.2 billion ounces in 2024, the second-highest level ever recorded. The Institute believes Gold could rise initially, followed by a rapid surge in silver prices. The report asserts that silver consistently outperforms, albeit belatedly. The Silver Institute believes that silver could potentially reach $50, but only after gold surpasses $2,200, which it already has. Therefore, a Silver wave could be possible relatively soon. Although the price could go down.

PRICE ACTION

• ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, Silver trades around $27.00 and if full recovery is made this could offer an upside potential of around 84%. Although the price could go down.

Silver, May 6, 2024
Current Price:27.00

Example of calculation based on trend direction for 1.00 Lot*

1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 06/05/2024
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more detail