Silver price is rising 1.0%
October 20, 2026
NEWS: Silver price is rising 1.0% as the US Dollar continues to soften and as reports emerge of potential new agreement between the USA and Iran.
Possible Scenarios:
If Silver fails to breach through R1 of 58.147, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 58.147, our Analysis Department expects Silver to extend its gains to its R2 of 58.85.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
55.258 |
55.844 |
56.429 |
57.210 |
58.147 |
58.850 |
59.552 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €88.83 |
(+/-) £74.59 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12571
***GBP/USD = 1.34065
Calculations for exchange rate used as of Tuesday, October 20, 2026, 15:34: GMT +1