Silver Weekly Special Report based on 1.00 Lot Calculation:
GEOPOLITICS: US – CHINA TRADE WAR
- FRIDAY, APRIL 11: CHINA RETALIATES AGAIN, RAISING TARIFFS ON US GOODS TO 125%: China has raised tariffs once again, now to 125%, up from 84%.
- WEDNESDAY, APRIL 9: US RAISED TARIFFS ON CHINESE GOODS TO 125%: The tariffs on China have been raised to 125%, up from the previous 104%.
- WEDNESDAY, APRIL 9: CHINA RETALIATES, RAISING TARIFFS ON US GOODS TO 84%. China raised tariffs on U.S. goods to 84%, retaliating against Trump’s tariff increase on China to 104%.
- TUESDAY, APRIL 8: US RAISED TARIFFS ON CHINESE GOODS TO 104%.
- FRIDAY, APRIL 4: CHINA RETALIATES, RAISING TARIFFS ON US GOODS TO 34%.
- WEDNESDAY, APRIL 2: US RAISED TARIFFS ON CHINESE GOODS TO 54%.
EVENTS:
- THURSDAY, APRIL 24, AT 13:30 GMT+1: US INITIAL JOBLESS CLAIMS: A higher-than-expected rating could be positive for silver, because it will motivate the FED to cut interest rates more aggressively. This data measures the number of individuals who have filed for unemployment insurance for the first time during the past week. The previous number stands at 215K, which is lower than the report before, which stands at 223 K.
- WEDNESDAY, APRIL 30, AT 13:30 GMT+1: US GROSS DOMESTIC PRODUCT (GDP) (Q1). This is the first report for the first quarter of 2025. The last GDP data for Q4 2024 came out at 2.4%, down from the 3.1% in Q3 2024. However, if the data shows further declines, the US Dollar may weaken, potentially leading to a rise in silver prices.
- FRIDAY, MAY 2, AT 13:30 GMT+1: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (APRIL): The U.S. labor market report will be in focus. In March, NFPs came in at 228K and the unemployment rate rose to 4.2% from the previous 4.1%. If the unemployment rate keeps the upward trend (4% in January, 4.1% in February and 4.2% in March), it could lead to a decrease in the value of the US dollar, potentially leading to a rise in silver prices.
ANALYST EXPECTATIONS
- UBS: The bank targets a price of $38.
- CITIGROUP: The bank targets a price of $40.
- J.P. MORGAN: The bank targets a price of $38.
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 $33.20 and if full recovery is made this could offer an upside potential of around 50%. However, the price could decline.
Silver, April 24, 2025
Current Price: 33.20
|
SILVER |
Weekly |
|
Trend direction |
|
|
40.00 |
|
|
38.00 |
|
|
34.50 |
|
|
32.00 |
|
|
31.50 |
|
|
31.00 |
Example of calculation based on trend direction for 1.00 Lot*
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
68,000 |
48,000 |
13,000 |
-12,000 |
-17,000 |
-22,000 |
|
Profit or loss in €2 |
59,757 |
42,181 |
11,424 |
-10,545 |
-14,939 |
-19,333 |
|
Profit or loss in £2 |
51,120 |
36,085 |
9,773 |
-9,021 |
-12,780 |
-16,539 |
|
Profit or loss in C$2 |
94,178 |
66,479 |
18,005 |
-16,620 |
-23,545 |
-30,469 |
1. 1.00 lot is equivalent of 10.000 units
2. Calculations for exchange rate used as of 11:00 (GMT+1) 24/04/2025
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.