Silver price is increasing 1.3%

Fast Moving Market - 09/01/2025

09 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 increasing 1.3% ahead of the US Nonfarm Payrolls Data which will be released tomorrow.

Possible Scenarios:

If Silver fails to breach through R1 of 30.563, our Research Department expects the Silver to undergo a short- term downward correction.

If Silver manages to break above its R1 of 30.563, our Research Department expects the Silver to extend its gains to its R2 of 30.784.

Support and Resistance Levels:

Silver	S3	S2	S1	Reference Price	R1	R2	R3
Silver	29.656	29.840	30.024	30.269	30.563	30.784	31.005

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €97.07	(+/-) £81.35

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.03017
***GBP/USD = 1.22929
Calculations for exchange rate used as of Thursday, January 9, 2025, 13:05 GMT

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