Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS: US PRESIDENT DONALD TRUMP AND US TARIFF POLICY
- BREAKING (FEBRUARY 13): US PRESIDENT DONALD TRUMP ANNOUNCED RECIPROCAL TARIFF PLAN. Trump signed a memo ordering his team to start calculating duties to match those other countries charge and to counteract non-tariff barriers such as vehicle safety rules that exclude U.S. autos and value-added taxes that increase their cost.
- BREAKING (FEBRUARY 10): US PRESIDENT TRUMP ANNOUNCED 25% TARIFFS ON STEEL AND ALUMINUM TO ALL COUNTRIES TAKING EFFECT ON MARCH 4. President Donald Trump substantially raised tariffs on steel and aluminum imports to a flat 25% "without exceptions or exemptions" in a move to aid the struggling industries but which increases the risk of a multi-front trade war. A White House official confirmed the measures would take effect on March 4. (Source: Reuters).
EVENTS:
- FRIDAY, FEBRUARY 14 AT 13:30 GMT: US RETAIL SALES (JANUARY). Headline Retail Sales disappointed last time (December), coming in at 0.4%, missing expectations for an increase of 0.6%. Core Retail Sales also disappointed, coming in at 0.4%, missing analysts estimates for an increase of 0.5%. If data for January disappoints, then Silver prices could be able to see some positive support.
- WEDNESDAY, FEBRUARY 19 AT 19:00 GMT: FOMC meeting minutes. In January's meeting, the Fed decided to keep rates unchanged, reflecting cautious optimism about the economy amidst ongoing uncertainties. The minutes will reveal how FOMC members voted, offering a clearer picture of their stance on future rate cuts and providing insight into the committee's overall sentiment regarding economic conditions. These details will be important for understanding whether the Fed is likely to adopt a more dovish or hawkish approach in the months ahead, particularly in light of inflationary pressures and potential shifts in fiscal policy.
OTHER NEWS:
- MARKET DEFICIT FOR SILVER IN 2025: The Silver Institute also projected a fifth consecutive year of significant market deficit for the metal in 2025. This outlook is largely driven by strong industrial demand and retail investment, which are expected to outweigh weaker consumption in jewelry and silverware. Key industrial uses include solar panels, electric vehicles, and consumer electronics. While global silver supply is expected to rise this year, with increased output from China, Canada, and Chile, the ongoing deficit is anticipated to continue.
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $30. Silver has maintained strong support at $30 since May 2024. Since then, Silver would resist staying below $30 as bargain hunters come back to send price up back above $30.
Please note that past performance does not guarantee future results
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $36.
- CITIGROUP: The bank targets a price of $40.
- JP Morgan: The bank targets a price of $34.
PRICE ACTION
- ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, Silver trades around $33.00 and if full recovery is made, this could offer an upside potential of around 51%. However, the price could also decline.
Silver, February 14, 2025
Current Price: 33.00
SILVER |
Weekly |
Trend direction |
|
40.000 |
|
36.000 |
|
34.000 |
|
32.000 |
|
31.500 |
|
31.000 |
Example of calculation based on trend direction for 1.00 Lot*
SILVER |
||||||
Pivot Points |
||||||
Profit or loss in $ |
70,000 |
30,000 |
10,000 |
-10,000 |
-15,000 |
-20,000 |
Profit or loss in €2 |
66,784 |
28,622 |
9,541 |
-9,541 |
-14,311 |
-19,081 |
Profit or loss in £2 |
55,603 |
23,830 |
7,943 |
-7,943 |
-11,915 |
-15,886 |
Profit or loss in C$2 |
99,181 |
42,506 |
14,169 |
-14,169 |
-21,253 |
-28,337 |
1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 10:30 (GMT) 14/2/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.