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June 4, 2026
NEWS: Silver price is rising 2.5% after reports suggested that the US Iran talks are progressing and are edging towards a possible deal
Possible Scenarios:
If Silver fails to breach through R1 of 74.811, our Analysis Department expects Silver to undergo a short- term downward correction.
If Silver manages to break above its R1 of 74.811, our Analysis Department expects Silver to extend its gains to its R2 of 75.958.
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
70.091 |
71.048 |
72.005 |
73.280 |
74.811 |
75.958 |
77.106 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|---|---|---|---|---|---|
|
(+/-) $100 |
(+/-) €85.88 |
(+/-) £74.29 |
|||
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16444
***GBP/USD = 1.34609
Calculations for exchange rate used as of Thursday, June 4, 2026, 12:53: PM