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May 18, 2026
NEWS: Silver price is rising 1.8% following reports that Iran has sent a new revised proposal to the U.S. via Pakistani mediators.
Possible Scenarios:
If Silver fails to breach through R1 of 79.474, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 79.474, our Analysis Department expects Silver to extend its gains to its R2 of 81.667.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
70.458 |
72.286 |
74.113 |
76.550 |
79.474 |
81.667 |
83.860 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.87 |
(+/-) £74.75 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16451
***GBP/USD = 1.33771
Calculations for exchange rate used as of Monday, May 18, 2026, 12:49 GMT+1