Silver price is falling -2.0%
October 23, 2026
NEWS: Silver price is falling -2.0% as precious metals continue facing heavy volatility, and pressure from a firmer US Dollar.
Possible Scenarios:
If Silver fails to breach through S2 of 52.624, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 52.624, our Analysis Department expects Silver to extend its losses to its S3 of 52.11
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
52.110 |
52.624 |
53.138 |
53.823 |
54.645 |
55.262 |
55.879 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €89.28 |
(+/-) £74.75 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12010
***GBP/USD = 1.33778
Calculations for exchange rate used as of Friday, October 23, 2026, 15:46: GMT +1