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September 23, 2026
NEWS: Silver price is falling -2.7% as precious metals remain under pressure from a strong US dollar
Possible Scenarios:
If Silver fails to breach through S1 of 63.876, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 63.876, our Analysis Department expects Silver to extend its losses to its S2 of 63.155.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
62.435 |
63.155 |
63.876 |
64.837 |
65.990 |
66.855 |
67.720 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.66 |
(+/-) £75.31 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.14079
***GBP/USD = 1.32790
Calculations for exchange rate used as of Wednesday, September 23, 2026, 12:40 GMT+1