Silver is falling 2.1%

Fast Moving Market - 19/12/2024

19 December, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Silver is falling 2.1% due to the strengthening of the dollar following yesterday's Federal Reserve meeting.

Possible Scenarios:

If Silver fails to breach through S2 of 28.947, our Research Department expects the Silver to undergo a short- term upward correction.

If Silver manages to break below its S2 of 28.947, our Research Department expects the Silver to extend its losses to its S3 of 28.689

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	28.689	28.947	29.205	29.550	29.963	30.274	30.584

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €96.16	(+/-) £79.44

*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.03991
***GBP/USD= 1.25882
Calculations for exchange rate used as of Thursday, December 19, 2024, 2:00:PM

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