Silver price is falling -4.2%

Fast Moving Market - 12/12/2024

12 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 price is falling -4.2% following higher than expected PPI inflation data from the US (3.4% vs 3.2% expected)

Possible Scenarios:

If Silver fails to breach through S1 of 30.687, our Research Department expects the Silver to undergo a short- term upward correction.

If Silver manages to break below its S1 of 30.687, our Research Department expects the Silver to extend its losses to its S2 of 30.478.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	30.268	30.478	30.687	30.967	31.303	31.554	31.806

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €95.44	(+/-) £78.82

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.04779
***GBP/USD = 1.26876
Calculations for exchange rate used as of Thursday, December 12, 2024, 15:35 GMT

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