Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS: TRADE WAR
- BREAKING (WEDNESDAY, APRIL 2): US PRESIDENT TRUMP ANNOUNCED HIGH TARIFFS AS PART OF THEIR RECIPROCAL TARIFFS. CHINA GOT A TOTAL OF 54%, AND THE EUROPEAN UNION GOT 20%. According to Reuters, US President Trump would impose a 10% baseline tariff on all imports to the United States and higher tariffs on some of the country's biggest trading partners, including China (total 54%) and the European Union (20%). Among close U.S. allies, the European Union was targeted with a 20% rate, Japan with 24%, South Korea with 25%, and Taiwan with 32%.
- TRADE WARS AND SAFE-HAVEN INSTRUMENTS: Trade wars increase global insecurity, increasing demand for safe-haven instruments such as Gold and Silver.
OTHER EVENTS:
- FRIDAY, APRIL 4, AT 13:30 GMT+1: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (MARCH). Us Unemployment rose in February after a string of layoffs by Trump’s administration, which sent the unemployment rate up to 4.1% from the previous 4%. The labor market data in the US remained one of the most important reports the Fed uses in their interest rate decisions. If the labor market continued to remain under pressure, the Fed then could be expected to cut rates sooner than previously thought.
- FRIDAY, APRIL 4 AT 16:25 GMT+1: US FED CHAIR JEROME POWELL SPEAKS. Mr. Powell speaks on Economic Outlook at the Society for Advancing Business Editing and Writing (SABEW) Annual Conference, Arlington, Virginia.
- THURSDAY, APRIL 10, AT 13:30 GMT+1: U.S. INFLATION (CPI) (MARCH): A smaller-than-expected number could be supportive for the silver because then the FED could be encouraged to lower interest rate cuts. This index measures the change in the price of the goods and services from the perspective of the consumer. In February, inflation came in at 2.8%, which was lower than analysts’ expectations of 2.9%.
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $36.
- CITIGROUP: The bank targets a price of $40.
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 a full recovery is made, this could offer an upside potential of around 60%. However, the price could also decline.
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $30. Silver has maintained strong support at $30 since May 2024. Since then, Silver would resist staying below $30. However, there remains a risk of a potential breakout below this level if market conditions change.
Silver, April 4, 2025
Current Price: 31.30
|
SILVER |
Weekly |
|
Trend direction |
|
|
40.00 |
|
|
36.00 |
|
|
33.00 |
|
|
30.00 |
|
|
29.50 |
|
|
29.00 |
Example of calculation based on trend direction for 1.00 Lot*
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
87,000 |
47,000 |
17,000 |
-13,000 |
-18,000 |
-23,000 |
|
Profit or loss in €2 |
79,118 |
42,742 |
15,460 |
-11,822 |
-16,369 |
-20,916 |
|
Profit or loss in £2 |
66,892 |
36,137 |
13,071 |
-9,995 |
-13,840 |
-17,684 |
|
Profit or loss in C$2 |
122,933 |
66,412 |
24,021 |
-18,369 |
-25,434 |
-32,499 |
1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 10:30 (GMT+1) 04/04/2025
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.