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June 3, 2026
NEWS: Silver price is falling -1.8% as higher energy prices and a stronger U.S. dollar continue to weigh on precious metals.
Possible Scenarios:
If Silver fails to breach through S1 of 72.249, our Analysis Department expects Silver to undergo a short- term upward correction.
If Silver manages to break below its S1 of 72.249, our Analysis Department expects Silver to extend its losses to its S2 of 71.213
Support and Resistance Levels:
|
Silver |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
70.178 |
71.213 |
72.249 |
73.630 |
75.287 |
76.530 |
77.773 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.2 |
(+/-) £74.49 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.16011
***GBP/USD = 1.34246
Calculations for exchange rate used as of Wednesday, June 3, 2026, 14:55 GMT+1