Silver price is falling -3.9%
October 22, 2026
NEWS: Silver price is falling -3.9% as precious metals remain under pressure high oil prices, increasing inflation concerns
Possible Scenarios:
If Silver fails to breach through S1 of 55.183, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 55.183, our Analysis Department expects Silver to extend its losses to its S2 of 54.747
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
54.311 |
54.747 |
55.183 |
55.764 |
56.462 |
56.985 |
57.508 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.27 |
(+/-) £74.82 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12021
***GBP/USD = 1.33663
Calculations for exchange rate used as of Thursday, October 22, 2026, 12:20 GMT+1