Silver

Silver Weekly Special Report based on 1.00 Lot Calculation:

GEOPOLITICS: US PRESIDENT DONALD TRUMP AND ITS NEW TARIFF POLICY TO SUPPORT SAFE-HAVEN DEMAND

• BREAKING (MARCH 3): CHINA IS PREPARING TO RETALIATE. The Global Times said that China was studying both tariffs and non-tariff moves to counter Trump’s higher tariffs, targeting US agricultural and food products.
• BREAKING (FEBRUARY 27): 10% ADDITIONAL TARIFFS ON CHINA GOODS IMPORTED TO THE U.S.A. FROM MARCH 4. Trump said in a post on his Truth Social site that he would impose the additional 10% tariff on Chinese goods on March 4. This would come on top of the 10% tariff that he levied on February 4 on imports from China over the fentanyl opioid crisis.
• BREAKING (FEBRUARY 24): US PRESIDENT DONALD TRUMP CONFIRMED TARIFFS ON CANADA AND MEXICO WILL GO FORWARD AS PLANNED (March 4). Trump was asked at a press conference about the tariffs on Canada and Mexico, which were postponed until March 4, 2025.
• BREAKING (FEBRUARY 18): US PRESIDENT TRUMP TO IMPOSE 25% ON AUTO AND PROBABLY 25% OR MORE ON PHARMACEUTICAL AND CHIP (SEMICONDUCTOR) IMPORTS. Trump said tariffs on automobiles would come as soon as April 2. Pharma and chip firms may face tariffs 25% or above, but the timing remains uncertain (Source: Reuters).
• BREAKING (FEBRUARY 13): US PRESIDENT DONALD TRUMP ANNOUNCED RECIPROCAL TARIFF PLAN. Trump signed a memo ordering his team to start calculating duties to match those other countries charge and to counteract non-tariff barriers such as vehicle safety rules that exclude U.S. autos and value-added taxes that increase their cost (Source: Reuters).

GEOPOLITICS: U.S. - EUROPE RELATIONSHIP ON SHAKY GROUND OVER UKRAINE WAR

• U.S. SUPPORT FOR UKRAINE IN THE WAR AGAINST RUSSIA NOW IN JEOPARDY AFTER THE FIASCO OF THE MEETING BETWEEN PRESIDENT ZALENSKIY AND PRESIDENT TRUMP. According to Reuters, President Donald Trump berated Ukrainian President Volodymyr Zelenskyy for being disrespectful Friday (February 28) in an extraordinary Oval Office meeting, then abruptly called off the signing of a minerals deal that Trump said would have moved Ukraine closer to ending its war with Russia. The Ukrainian leader was asked to leave the White House by top Trump advisers shortly after the meeting. Tensions in the relationship between the traditional allies increase uncertainties, which often times results in rising demand for safe- haven gold and silver.

EVENTS:

• FRIDAY, MARCH 7 at 13:30 GMT: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (FEBRUARY). US Unemployment rate is expected stay around 4.0%. The report will be closely watched as Fed interest rate decisions in 2025 will depend on the US employment market development.
• WEDNESDAY, MARCH 12, at 12:30 GMT: U.S INFLATION (CPI) (FEBRUARY): The U.S is scheduled to report its CPI figure for the month of February. The CPI inflation for January came out at 3%, up from the 2.9% in December.

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 price up back above $30.

Please note that past performance does not guarantee future results

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 $31.30 and if the price moves to the levels from 2011, this would be a 59% price change. However, the price could decline.

Silver, March 3, 2025
Current Price: 31.30

Example of calculation based on trend direction for 1.00 Lot*

1. 1.00 lot is equivalent of 10.000 units

2. Calculations for exchange rate used as of 10:20 (GMT) 03/03/2025

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.