Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS:
- MIDDLE EAST TENSIONS RISE AS NO CONCRETE DEALS HAVE BEEN MADE. The latest round of talks between the US and Iran has ended in Oman with no concrete agreements. Iran is still insisting on continuing its uranium enrichment program, while USA wants zero uranium enrichment from Iran.
- RUSSIA – UKRAINE PEACE TALKS IN JEOPARDY. US PRESIDENT TRUMP AND RUSSIA PRESIDENT PUTIN TO HAVE A PHONE CALL (MONDAY, MAY 19 AY 15:00 GMT+1): Russia and Ukraine held their first direct talks in three years on Friday (May 16), where they discussed a ceasefire. But there were no signs of a major breakthrough.
EVENTS:
- US TRUMP’S TAX BILL PASSED IN KEY U.S. HOUSE COMMITTEE VOTE; IT COULD BE SENT FOR A VOTE IN THE HOUSE OF REPRESENTATIVES BY THE END OF THE WEEK (MAY 23), BEFORE IT GOES UP THE U.S. SENATE. U.S. President Donald Trump's sweeping tax-cut bill, stalled for days by Republican infighting over spending cuts, won approval from a key congressional committee to advance toward possible passage in the House of Representatives later this week ahead of the May 26 Memorial Day Holiday. This should increase stimulus for the US economy, which should be positive for silver (Source: Reuters).
- THURSDAY, MAY 22, AT 13:30 GMT+1: US WEEKLY INITIALL JOBLESS CLAIMS: A higher-than-expected reading should be taken as positive for Silver, because it will motivate the FED to cut interest rates more aggressively.
- THURSDAY, MAY 22, AT 14:45 GMT+1: US MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (MAY): A lower-than-expected reading should be supportive for Silver, because it will signal more interest rate cuts by the FED in order to stimulate economic activity.
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $38.
- CITIGROUP: The bank targets a price of $40.
- J.P. MORGAN: The bank targets a price of $38.
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 $32.40 and if full recovery is made this could offer an upside potential of around 54%. However, the price could decline.
Silver, May 19, 2025
Current Price: 32.40
SILVER |
Weekly |
Trend direction |
|
40.00 |
|
37.00 |
|
33.80 |
|
31.00 |
|
30.50 |
|
30.00 |
Example of calculation based on trend direction for 1.00 Lot*
SILVER |
||||||
Pivot Points |
||||||
Profit or loss in $ |
76,000 |
46,000 |
14,000 |
-14,000 |
-19,000 |
-24,000 |
Profit or loss in €2 |
67,477 |
40,841 |
12,430 |
-12,430 |
-16,869 |
-21,308 |
Profit or loss in £2 |
56,798 |
34,378 |
10,463 |
-10,463 |
-14,199 |
-17,936 |
Profit or loss in C$2 |
106,011 |
64,165 |
19,528 |
-19,528 |
-26,503 |
-33,477 |
- 1.00 lot is equivalent of 10.000 units
- Calculations for exchange rate used as of 12:00 (GMT+1) 19/05/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.