September 22, 2026
NEWS: Silver price is falling -1.6% following a stronger U.S. Dollar.
Possible Scenarios:
If Silver fails to breach through S1 of 64.481, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 64.481, our Analysis Department expects Silver to extend its losses to its S2 of 63.856.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
63.231 |
63.856 |
64.481 |
65.315 |
66.315 |
67.066 |
67.816 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.27 |
(+/-) £74.85 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.14582
***GBP/USD = 1.33604
Calculations for exchange rate used as of Tuesday, September 22, 2026, 08:37 GMT+1
Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.