September 17, 2026
NEWS: Silver prices rose 1.2%, reaching the highest level in five days and recovering yesterday’s losses after the Fed raised interest rates.
Possible Scenarios:
If Silver fails to breach through R2 of 66.162, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R2 of 66.162, our Analysis Department expects Silver to extend its gains to its R3 of 67.115.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
61.294 |
62.088 |
62.882 |
63.940 |
65.210 |
66.162 |
67.115 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €87.02 |
(+/-) £74.67 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.14916
***GBP/USD = 1.33919
Calculations for exchange rate used as of Thursday, September 17, 2026, 1:35: PM
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