Silver price is falling -2.5%

Fast Moving Market - 23/01/2025

23 January, 2025

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 price is falling -2.5% ahead of Donald Trump’s speech at Davos World Economic Forum today at 16:00 GMT.

Possible Scenarios:

If Silver fails to breach through Reference Price of 30.058, our Research Department expects the Silver to undergo a short- term upward correction.

If Silver manages to break below its Reference Price of 30.058, our Research Department expects the Silver to extend its losses to its S1 of 29.824.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	29.472	29.648	29.824	30.058	30.339	30.550	30.761

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €96.1	(+/-) £81.18

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.04056
***GBP/USD = 1.23187
Calculations for exchange rate used as of Thursday, January 23, 2025, 13:50 GMT

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