SILVER weekly special report based on 1.00 Lot Calculation:
GEOPOLITICS:
- MIDDLE EAST TENSIONS RISE AS ISRAEL ATTACKED IRANIAN NUCLEAR FACILITIES AND OTHER INFRASTRUCTURE: “RISING LION” OPERATION. Israel has carried out strikes on Iran, targeting its nuclear facilities, ballistic missile factories and military commanders at the start of what it warned would be a prolonged operation to prevent Iran from building an atomic weapon.
- IRAN RETALIATED, ATTACKING ISRAEL WITH A LARGE BARRAGE OF MISSILE: Iranian missiles struck Israel's Tel Aviv and the port city of Haifa among other cities, destroying homes, as attacks on Israel have continued since Friday night.
EVENTS:
- TUESDAY, JUNE 17 AT 13:30 GMT+1: US RETAIL SALES (MAY). US Retail Sales monthly data for May will be released on June 17. In April, data showed higher than expected activity (0.1% vs. 0.0% expected), but down from March’s 1.7%. If data in general remain in downtrend month after month, it could encourage US Federal Reserve to sooner than later further cut its benchmark interest rates. This in turn, could put some positive pressure on Silver.
- WEDNESDAY, JUNE 18 AT 19:00 GMT+1: FED INTEREST RATE DECISION. The Federal Reserve is expected to keep interest rates unchanged at 4.5% in June, but it is expected to cut rates to 4.00% or lower by the end of 2025.
ANALYSTS’ OPINION:
- 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.
Source: Reuters, Bloomberg, CNBC
TECHNICAL ANALYSIS:
- LONGER – TERM UPTREND CHANNEL: As depicted by the weekly chart below, the silver price has kept trading within the longer-term green- lined uptrend channel, confirming its longer-term trend is up.
- WEEKLY MOVING AVERAGES POINT TO AN UPTREND: Silver prices have recently traded above the 20- and 50- Week Moving Averages, pointing to an ongoing uptrend. However, silver prices can also change their trend, if prices fall below the 20- and 50- Week Moving Averages.
- ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, Silver trades around $36.40 and if full recovery is made this could offer an upside potential of around 37%. However, the price could decline.
GRAPH (Weekly): April 2024 – June 2025
Please note that past performance does not guarantee future results
SILVER, June 17, 2025
Current Price: 36.40
|
SILVER |
Weekly |
|
Trend direction |
|
|
38.50 |
|
|
38.00 |
|
|
37.40 |
|
|
35.50 |
|
|
35.20 |
|
|
35.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
21,000 |
16,000 |
10,000 |
-9,000 |
-12,000 |
-14,000 |
|
Profit or loss in €2 |
18,176 |
13,848 |
8,655 |
-7,790 |
-10,386 |
-12,117 |
|
Profit or loss in £2 |
15,489 |
11,801 |
7,376 |
-6,638 |
-8,851 |
-10,326 |
|
Profit or loss in C$2 |
28,513 |
21,724 |
13,578 |
-12,220 |
-16,293 |
-19,009 |
- 1.00 lot is equivalent of 10,000 units
- Calculations for exchange rate used as of 10:00 (GMT+1) 17/06/2025
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.