CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

SILVER

Special Reports - 03/07/2025

03 July, 2025

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 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 special report based on 1.00 Lot Calculation:

TECHNICAL ANALYSIS:

  • DAILY MOVING AVERAGES POINT TO AN UPTREND: Silver prices have remained above the 50 - and 100-day moving averages, pointing to an ongoing uptrend. However, silver prices can also change their trend if prices fall below the 50 - and 100 - day moving averages.
  • MID–TERM UPTREND: As depicted by the daily chart below, the silver price has kept trading above the mid-term red-lined uptrend line, confirming its mid-term trend is up. However, there remains a risk of a potential breakout below this level if market conditions change
  • ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, Silver trades around $37.00 and if full recovery is made this could offer an upside potential of around 35%. However, the price could decline.

GRAPH (Daily): April 2025 – July 2025

Please note that past performance does not guarantee future results

GEOPOLITICS: US TAX CUT BILL

  • BREAKING (JULY 1): U.S. SENATE PASSED TRUMP’S BIG TAX CUT BILL; THE BILL IS HEADED BACK TO THE U.S. HOUSE THAT COULD BE VOTED ON THURSDAY (JULY 3). The legislation now heads to the House of Representatives for possible final approval. It will need to pass back through the House after the Senate before heading to the president’s desk, which Trump wants to have it signed by July 4th. Reminder, Trump’s Republicans hold a majority of 220-213 in the U.S. House.
  • ANALYSTS’ OPINION: The bill is expected to provide tax cuts of around 3.3 trillion dollars, and provide the US the possibility to increase their debt by another, near, 4 trillion dollars. The measure has been putting negative pressure on the US dollar, which in turn provides support to the silver prices.

EVENTS:

  • THURSDAY, JULY 3, AT 13:30 GMT+1: US NON-FARM PAYROLL (NFP) AND UNEMPLOYEMENT RATE (JUNE). A lower than expected result should prove positive for silver, because it could point to the further FED interest rate cuts. This data measures the change in the number of people emplyed during the previous month, excluding the farming industry. The data for the previous month came in at 139,000, which was lower than for the month before (147,000).

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

SILVER, July 3, 2025
Current Price: 37.00

SILVER

Weekly

Trend direction

UP

Resistance 3

40.00

Resistance 2

39.00

Resistance 1

38.00

Support 1

36.00

Support 2

35.50

Support 3

35.00

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 $

30,000

20,000

10,000

-10,000

-15,000

-20,000

Profit or loss in €2

25,427

16,951

8,476

-8,476

-12,713

-16,951

Profit or loss in £2

21,951

14,634

7,317

-7,317

-10,976

-14,634

Profit or loss in C$2

40,774

27,183

13,591

-13,591

-20,387

-27,183

  1. 1.00 lot is equivalent of 10,000 units
  2. Calculations for exchange rate used as of 11:00 (GMT+1) 03/07/2025

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.
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