NEWS: Silver price is falling -1.5% after the EU could delay the imposition of a first set of counter-measures against the United States until mid-April.
Possible Scenarios:
If Silver fails to breach through S2 of 33.377, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S2 of 33.377, our Research Department expects the Silver to extend its losses to its S3 of 33.185
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
33.185 |
33.377 |
33.568 |
33.823 |
34.129 |
34.359 |
34.588 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €92.28 |
(+/-) £77.28 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.08370
***GBP/USD= 1.29399
Calculations for exchange rate used as of Thursday, March 20, 2025, 12:00: AM