Silver price is falling -1.9%
October 8, 2026
NEWS: Silver price is falling -1.9% to a fresh two month low as US Treasury yields remain elevated
Possible Scenarios:
If Silver fails to breach through S1 of 58.910, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 58.910, our Analysis Department expects Silver to extend its losses to its S2 of 58.348
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
57.786 |
58.348 |
58.910 |
59.660 |
60.559 |
61.234 |
61.909 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €89.33 |
(+/-) £75.75 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.11942
***GBP/USD = 1.32010
Calculations for exchange rate used as of Thursday, October 8, 2026, 8:53: AM