Silver price is falling -1.7%
October 29, 2026
NEWS: Silver price is falling -1.7% to its lowest level in more than 11 months as precious metals remain under pressure from a stronger U.S. dollar.
Possible Scenarios:
If Silver fails to breach through S1 of 51.299, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 51.299, our Analysis Department expects Silver to extend its losses to its S2 of 50.73
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
50.162 |
50.730 |
51.299 |
52.057 |
52.967 |
53.649 |
54.331 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.86 |
(+/-) £75.07 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.11304
***GBP/USD = 1.33219
Calculations for exchange rate used as of Thursday, October 29, 2026, 13:57 GMT