SILVER weekly special report based on 1.00 Lot Calculation:
USA: GOVERNMENT SHUTDOWN
- BREAKING (WEDNESDAY, OCTOBER 1 AT 05:00 AM GMT+1): US GOVERNMENT SHUTDOWN BEGAN WITH NO DEAL IN SIGHT. According to Reuters, U.S. President Donald Trump and his Democratic opponents made no progress to end the government shutdown. Without passage of funding legislation, parts of the government have remained closed since Wednesday (October 1).
EVENTS:
- WEDNESDAY, OCTOBER 8 AT 19:00 GMT+1: US FEDERAL RESERVE (FOMC) LAST MEETING MINUTES. The US Fed held its last interest rate policy meeting on September 17, deciding to cut rates to 4.25%. The transcripts, however, from that meeting are announced three weeks after the meeting or October 8. At the last meeting, Fed decided to cut rates and projected it will cut two more times by the end of 2025. Similar messages are expected to be carried by the last meeting transcripts on Wednesday (October 8), which could put negative pressure on the US dollar, while positive support could be provided to silver prices.
- THURSDAY, OCTOBER 9 AT 13:30 GMT+1: US FEDERAL RESERVE (FED) CHAIR JEROME POWELL SPEAKS. Federal Reserve Chair Jerome Powell will deliver opening remarks at a banking conference in Washington, D.C. Comments on the Fed policy could be expected to made too, which could increase volatility in silver prices.
US FEDERAL RESERVE:
- BREAKING (SEPTEMBER 17): US FEDERAL RESERVE CUT INTEREST RATE TO 4.25% FROM 4.50%, ITS FIRST INTEREST RATE CUT SINCE DECEMBER 2024. The Federal Reserve policymakers said they expect to see 2 more rate cuts by the end of 2025, to slash current rates to 3.75%.
- NEXT FEDERAL RESERVE MEETING AND INTEREST RATE DECISION: October 29. Interest rates are expected to be further cut to 4.00%.
- DECEMBER 10: US Federal Reserve is expected to finish the 2025 year by cutting the rates to 3.75% on December 10.
TECHNICAL ANALYSIS:
- SUPPORT AREA: $47 - $46. After hitting fresh 14-year highs ($48.733), silver prices have remained above the area defined by $47 - $46, which has now become its next psychological support. Silver was last trading around $48.6.
- UPTREND SINCE APRIL 2025: After the March-April price pullback, silver prices have since been trading in uptrend, as depicted by the daily chart below and the solid black uptrend line on the same chart. Since the beginning of 2025, silver prices have risen by around 70%.
- ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, silver trades around $48.60, and if a full recovery is made, this could offer an upside potential of around 2%. However, the price could decline.
- ANALYSTS’ OPINION: CITIGROUP forecasts $55;
GRAPH (Daily): January 2025 – October 2025
Please note that past performance does not guarantee future results
Silver, October 6, 2025.
Current Price: 48.60
|
Silver |
Weekly |
|
Trend direction |
|
|
55.00 |
|
|
52.00 |
|
|
50.00 |
|
|
47.30 |
|
|
47.00 |
|
|
46.50 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
64,000 |
34,000 |
14,000 |
-13,000 |
-16,000 |
-21,000 |
|
Profit or loss in €2 |
54,869 |
29,149 |
12,003 |
-11,145 |
-13,717 |
-18,004 |
|
Profit or loss in £2 |
47,640 |
25,309 |
10,421 |
-9,677 |
-11,910 |
-15,632 |
|
Profit or loss in C$2 |
89,302 |
47,442 |
19,535 |
-18,139 |
-22,325 |
-29,302 |
- 1.00 lot is equivalent of 10,000 units
- Calculations for exchange rate used as of 10:35 (GMT+1) 6/10/2025
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.