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. The next and fifth round of talks is expected to take place on May 24 and May 25 in Rome, Italy.
- RUSSIA – UKRAINE PEACE TALKS IN JEOPARDY. Uncertainties remain high even after President Trump- President Putin phone call on May 19 as no breakthroughs have been announced. The phone call happened after a round of unsuccessful talks between Russia and Ukraine in Istanbul, Turkey on May 16, where there were no signs of a major breakthrough, neither.
EVENTS:
- EVENT (MAY 20 - MAY 22): GROUP - 7 (G7) (CANADA, FRANCE, GERMANY, ITALY, JAPAN, THE U.K., THE U.S.A, JOINED BY THE E.U.) FINANCE MINISTERS AND CENTRAL BANKS’ GOVERNORS SUMMIT IN ALBERTA, CANADA. U.S. Treasury Secretary Scott Bessent will attend the Group of Seven finance leaders' meeting in Canada and will seek to refocus the group on addressing trade imbalances and non-market economic practices. This meeting is an important event during Canada’s G7 Presidency and will help set the stage for the 2025 G7 Leaders’ Summit, which will be held in Kananaskis, Alberta, from June 15 to 17.
- 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 may be positive for silver (Source: Reuters).
ECONOMIC CALENDAR
- THURSDAY, MAY 22, AT 13:30 GMT+1: US WEEKLY INITIAL 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 indicate 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 $32.30 and if full recovery is made this could offer an upside potential of around 54%. However, the price could decline.
- MOST RECENT HIGH: $34.851. The level of $34.851, last tested in October 2024, marked the highest silver price since October 2012. Currently, silver trades around $32.30 and if full recovery is made this could offer an upside potential of around 7.90%. However, the price could decline.
Silver, May 20, 2025
Current Price: 32.30
|
SILVER |
Weekly |
|
Trend direction |
|
|
34.85 |
|
|
34.00 |
|
|
33.00 |
|
|
31.70 |
|
|
31.50 |
|
|
31.20 |
Example of calculation based on trend direction for 1.00 Lot*
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
25,510 |
17,000 |
7,000 |
-6,000 |
-8,000 |
-11,000 |
|
Profit or loss in €2 |
22,685 |
15,117 |
6,225 |
-5,336 |
-7,114 |
-9,782 |
|
Profit or loss in £2 |
19,100 |
12,729 |
5,241 |
-4,492 |
-5,990 |
-8,236 |
|
Profit or loss in C$2 |
35,565 |
23,700 |
9,759 |
-8,365 |
-11,153 |
-15,336 |
- 1.00 lot is equivalent of 10.000 units
- Calculations for exchange rate used as of 11:30 (GMT+1) 20/05/2025
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.