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September 17, 2026
NEWS: Silver price is rising 2.0% after recently touching its lowest level in six weeks.|
Possible Scenarios:
If Silver fails to breach through R1 of 65.588, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 65.588, our Analysis Department expects Silver to extend its gains to its R2 of 66.540.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
61.672 |
62.466 |
63.260 |
64.318 |
65.588 |
66.540 |
67.493 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.14 |
(+/-) £74.69 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.14764
***GBP/USD = 1.33894
Calculations for exchange rate used as of Thursday, September 17, 2026, 08:52 GMT+1