Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: SILVER
GEOPOLITICS: MIDDLE EAST WAR
- BREAKING (MAY 25): U.S. AND IRAN MOVE CLOSER TO PEACE DEAL. According to Reuters, the U.S. and Iran have drafted a non-binding memorandum of understanding that would extend the current ceasefire by 60 days while negotiations continue toward a permanent deal. It has not yet been signed and is still awaiting Iranian approval. According to the U.S. Secretary of State, finalizing a deal may take a few days.
EVENTS:
- FRIDAY, JUNE 5 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (MAY). Markets will closely watch the U.S. labor market data for further signals on the strength of the economy and the outlook for Federal Reserve policy. The unemployment rate has remained elevated at around 4.3% in recent months, and any softer labor market data could increase expectations of a looser monetary policy, potentially weaken the U.S. dollar, and support gold prices.
U.S. FEDERAL RESERVE:
- WEDNESDAY, JUNE 17 AT 19:00 GMT+1: U.S. FEDERAL RESERVE INTEREST RATE DECISION. The announcement will be followed by a press conference hosted by new Chairman Kevin Warsh, who was nominated by U.S. President Donald Trump and recently confirmed by the U.S. Congress. Although interest rates are expected to remain at current levels of 3.75%, the new Chairman is expected to face pressure as President Trump continues insisting on lower interest rates. With the midterm elections approaching in November 2026, the political pressure on Kevin Warsh is expected to rise.
SILVER MARKET: HIGHER DEMAND AMID SUPPLY SHORTAGES LEADS TO A WIDENING DEFICIT
- MARKET DEFICIT: SILVER MARKET REMAINS IN DEFICIT SINCE AT LEAST 2016. The silver market faced a deficit of around 300 million ounces in 2025, according to recent reports from The Silver Institute. While the market has been in deficit since 2016, the gap has grown significantly since 2022.
- SUPPLY CONSTRAINTS: SILVER PRODUCTION REMAINS AROUND 800 MILLION OUNCES PER YEAR. Annual production has held near 800 million ounces, remaining largely unchanged since 2016. There is no clear indication that output will be meaningfully higher in 2026 or the following years.
- DEMAND REMAINS STRONG: SOLAR PANELS, ELECTRIC VEHICLES, AND A.I. INFRASTRUCTURE. Silver demand could increase during 2026 and beyond due to rising demand from solar production, electric vehicles, and rapidly expanding A.I. data center infrastructure.
TECHNICAL ANALYSIS AND PRICE ACTION
- SUPPORT AREA: $70 - $65. After the most recent downward price correction, silver prices continued to find support in the $70 - $65 range. However, there remains a risk of a potential breakout below this level if market conditions change.
- SILVER PRICE HIT A NEW ALL-TIME HIGH ON JANUARY 29, 2026 ($121.49). Silver currently trades around $72, and if it fully recovers to its previous all-time high, it could see an upside of around 68%. However, the price could also decline.
- FORECAST: Citigroup forecasts $150; Bank of America $135.
GRAPH (Daily): November 2025 – May 2026
Please note that past performance does not guarantee future results
SILVER, May 28, 2026
Current Price: 72
Example of calculation based on weekly market trend for 1.00 Lot1
|
SILVER
|
|
Pivot Points
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Resistance 3
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Resistance 2
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Resistance 1
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Support 1
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Support 2
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Support 3
|
|
Profit or loss in $
|
180,000
|
130,000
|
80,000
|
-70,000
|
-90,000
|
-120,000
|
|
Profit or loss in €2
|
155,083
|
112,004
|
68,926
|
-60,310
|
-77,541
|
-103,389
|
|
Profit or loss in £2
|
134,439
|
97,095
|
59,751
|
-52,282
|
-67,219
|
-89,626
|
|
Profit or loss in C$2
|
249,574
|
180,248
|
110,922
|
-97,056
|
-124,787
|
-166,382
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- The above calculations are made based on 1.00 lot which is equivalent of 10,000 units
- Calculations for exchange rate used as of 10:30 (GMT+1) 28/05/2026
You can use risk management tools such as Stop-Loss and Take-Profit.