Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS: US – CHINA TRADE WAR
- FRIDAY, APRIL 11: CHINA RETALIATES AGAIN, RAISING TARIFFS ON US GOODS TO 125%: China has raised tariffs once again, now to 125%, up from 84%.
- WEDNESDAY, APRIL 9: US RAISED TARIFFS ON CHINESE GOODS TO 125%: The tariffs on China have been raised to 125%, up from the previous 104%.
- WEDNESDAY, APRIL 9: CHINA RETALIATES, RAISING TARIFFS ON US GOODS TO 84%. China raised tariffs on U.S. goods to 84%, retaliating against Trump’s tariff increase on China to 104%.
- TUESDAY, APRIL 8: US RAISED TARIFFS ON CHINESE GOODS TO 104%.
- FRIDAY, APRIL 4: CHINA RETALIATES, RAISING TARIFFS ON US GOODS TO 34%.
- WEDNESDAY, APRIL 2: US RAISED TARIFFS ON CHINESE GOODS TO 54%.
OTHER EVENTS:
- WEDNESDAY, APRIL 16, AT 13:30 GMT+1: US RETAIL SALES (MARCH): A lower-than-expected rating could be considered positive for silver, because it could point to future rate cuts by the FED. This data measures the change in the total value of sales at the retail level. The results for last month stood at 3.10%, which was below results for the month before 4.20%.
- WEDNESDAY, APRIL 16, AT 18:15 GMT+1: FED CHAIRMAN JEROME POWELL SPEAKS: The chairman of the FED will hold a press conference at the Economic Club of Chicago concerning the topic of the Economic Outlook.
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $36.
- CITIGROUP: The bank targets a price of $40.
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 $32.20 and if full recovery is made this could offer an upside potential of around 55%. However, the price could decline.
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $30. Silver has maintained strong support at $30 since May 2024. In addition, since late 2024, Silver would spend most of its time above $30. However, the price could decline, too.
GRAPH (Weekly): May 2024- April 2025
Please note that past performance does not guarantee future results
Silver, April 14, 2025
Current Price: 32.20
SILVER |
Weekly |
Trend direction |
|
40.00 |
|
35.00 |
|
33.50 |
|
31.00 |
|
30.50 |
|
30.00 |
Example of calculation based on trend direction for 1.00 Lot*
SILVER |
||||||
Pivot Points |
||||||
Profit or loss in $ |
78,000 |
28,000 |
13,000 |
-12,000 |
-17,000 |
-22,000 |
Profit or loss in €2 |
68,487 |
24,585 |
11,414 |
-10,536 |
-14,927 |
-19,317 |
Profit or loss in £2 |
59,206 |
21,253 |
9,868 |
-9,109 |
-12,904 |
-16,699 |
Profit or loss in C$2 |
107,911 |
38,737 |
17,985 |
-16,602 |
-23,519 |
-30,436 |
1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 10:50 (GMT+1) 14/04/2025
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.