NEWS: Silver price is falling -1.7% following increased fears of US tariffs being implemented on other metals such as silver
Possible Scenarios:
If Silver fails to breach through S1 of 32.933, our Research Department expects the Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 32.933, our Research Department expects the Silver to extend its losses to its S2 of 32.752.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
32.572 |
32.752 |
32.933 |
33.173 |
33.462 |
33.678 |
33.894 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.29 |
(+/-) £77.28 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.08354
***GBP/USD = 1.29406
Calculations for exchange rate used as of Friday, March 21, 2025, 09:30 GMT