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March 27, 2026
NEWS: Silver price is increasing 5.8% as the US Dollar softens against most of its major rival currencies.
Possible Scenarios:
If Silver fails to breach through R1 of 72.293, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 72.293, our Analysis Department expects Silver to extend its gains to its R2 of 74.898.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
61.582 |
63.753 |
65.924 |
68.819 |
72.293 |
74.898 |
77.503 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €86.73 |
(+/-) £75.1 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.15298
***GBP/USD = 1.33151
Calculations for exchange rate used as of Friday, March 27, 2026, 15:17: GMT