Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS: US PRESIDENT DONALD TRUMP AND US TARIFF POLICY
- BREAKING (FEBRUARY 10): US PRESIDENT DONALD TRUMP TO ANNOUNCE RECIPROCAL TARIFF PLAN ON TUESDAY OR WEDNESDAY (FEBRUARY 11 OR FEBRUARY 12). Trump said he would hold a news conference on Tuesday or Wednesday to provide detailed information on the reciprocal tariff plan, adding that he first revealed on Friday that he was planning reciprocal tariffs to ensure "that we're treated evenly with other countries. (Source: Reuters)
- BREAKING (FEBRUARY 10): US PRESIDENT TRUMP TO ANNOUNCE 25% TARIFFS ON STEEL AND ALUMINUM TO ALL COUNTRIES. U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S. The largest sources of U.S. steel imports are Canada, Brazil, and Mexico, followed by South Korea and Vietnam (Source: Reuters).
EVENTS:
- TUESDAY, FEBRUARY 11 AT 15:00 GMT AND WEDNESDAY, FEBRUARY 12 AT 15:00 GMT: FED CHAIR JEROME POWELL TESTIMONY BEFORE CONGRESS. Fed Chair Powell is expected to deliver his regularly scheduled testimony to Congress on Tuesday and Wednesday. His remarks come after the Fed held interest rates steady in January (4.5%) after cutting rates in the prior three meetings (from 5.5% to 4.5%) as the central bank pointed to a strong job market and concerns over rising inflation (Source: Investopedia)
- WEDNESDAY, FEBRUARY 12 AT 13:30 GMT: US INFLATION (CPI) (JANUARY). The Headline Inflation is expected to come in at 2.9%, the same as in December (2.9%).
OTHER NEWS:
- MARKET DEFICIT FOR SILVER IN 2025: The Silver Institute also projected a fifth consecutive year of significant market deficit for the metal in 2025. This outlook is largely driven by strong industrial demand and retail investment, which are expected to outweigh weaker consumption in jewelry and silverware. Key industrial uses include solar panels, electric vehicles, and consumer electronics. While global silver supply is expected to rise this year, with increased output from China, Canada, and Chile, the ongoing deficit is anticipated to continue.
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $30. Silver has maintained strong support at $30 since May 2024. Since then, Silver would resist staying below $30 as bargain hunters come back to send the price up back above $30.
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $36.
- CITIGROUP: The bank targets a price of $40.
- JP Morgan: The bank targets a price of $34.
PRICE ACTION
- ALL-TIME HIGH PRICE: $49.80. Silver jumped to $49.80 in 2011, during the debt crisis in Europe. Currently, Silver trades around $32.20 and if full recovery is made, this could offer an upside potential of around 55%. However, the price could also decline.
Silver, February 10, 2025
Current Price: 32.20
|
SILVER |
Weekly |
|
Trend direction |
|
|
49.80 |
|
|
40.00 |
|
|
33.90 |
|
|
30.70 |
|
|
30.20 |
|
|
29.70 |
Example of calculation based on trend direction for 1.00 Lot*
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
176,000 |
78,000 |
17,000 |
-15,000 |
-20,000 |
-25,000 |
|
Profit or loss in €2 |
170,443 |
75,537 |
16,463 |
-14,526 |
-19,368 |
-24,211 |
|
Profit or loss in £2 |
141,888 |
62,882 |
13,705 |
-12,093 |
-16,124 |
-20,155 |
|
Profit or loss in C$2 |
252,232 |
111,785 |
24,363 |
-21,497 |
-28,663 |
-35,828 |
1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 11:30 (GMT) 10/2/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.