Silver Strengthens in Asian Morning Trading
Silver started Asian morning trading in the green zone, silver prices were at $29,433, a low point at the end of last week when it fell to $29,302.
Last week silver prices closed lower due to strengthening US bond yields amid expectations that the Fed will follow a gradual interest rate reduction cycle in 2025. In addition, political tensions also put pressure on silver prices.
RECOMMENDATION
- Buy if the price moves at least $29,633
- Sell if the price moves at least around $29,243
Resistance Level 2: $30,033
Resistance Level 1: $29,733
Support Level 1: $29,133
Support Level 2: $28,833
DISCLAIMER
Note: This article is analysis only and is not a definitive reference. Pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id