NEWS: Silver price is increasing 1.1% as uncertainty surrounding U.S. President Donald Trump's tariffs boosts demand for safe-haven instruments.
Possible Scenarios:
If Silver fails to breach through R1 of 34.083, our Research Department expects the Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 34.083, our Research Department expects the Silver to extend its gains to its R2 of 34.348.
Support and Resistance Levels:
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
32.994 |
33.215 |
33.436 |
33.730 |
34.083 |
34.348 |
34.613 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.72 |
(+/-) £77.51 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.07857
***GBP/USD = 1.29022
Calculations for exchange rate used as of Wednesday, March 26, 2025, 12:50 GMT