Silver

Silver Weekly Special Report based on 1.00 Lot Calculation:

GEOPOLITICS: US PRESIDENT DONALD TRUMP AND US TARIFF POLICY

• BREAKING (FEBRUARY 18): US PRESIDENT TRUMP TO IMPOSE 25% ON AUTO AND PROBABLY 25% OR MORE ON PHARMACEUTICAL AND CHIP (SEMICONDUCTOR) IMPORTS. Trump said tariffs on automobiles would come as soon as April 2. Pharma and chip firms may face tariffs 25% or above, but the timing remains uncertain (Source: Reuters).
• 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 (Source: Reuters).
• 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 (Source: Reuters).
• BREAKING (FEBRUARY 4): CHINA RETALIATES BY IMPOSING 10% TO 15% TARIFFS ON SELECT U.S. PRODUCTS STARTING FEBRUARY 10. China’s finance ministry said it will impose 15% tariffs on coal and liquified natural gas imports from the U.S. and 10% duties on crude oil, farm equipment and certain cars, starting February 10 (Source: Reuters).

EVENTS:

• WEDNESDAY, FEBRUARY 19 AT 19:00 GMT: FEDERAL RESERVE (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 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. Recent data revealed that China added 357 gigawatts of solar and wind power in 2024, a key driver of industrial silver usage.

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 $32.90 and if the price moves to the levels from 2011, this would be a 50% price change. However, the price could decline.

Silver, February 19, 2025
Current Price: 32.90

Example of calculation based on trend direction for 1.00 Lot*

1. 1.00 lot is equivalent of 10.000 units

2. Calculations for exchange rate used as of 09:30 (GMT) 19/2/2025

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.