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Indonesia News Portal for Traders | Financial & Business Updates

15 November 2024 13:23  |

Silver Price Starts to Touch Level $30

Silver prices moved in the $30.2 area this afternoon, after touching $30.6.

The White Metal is still on track to record a fourth consecutive weekly decline, as the strengthening US dollar continues to weigh on the precious metal. The dollar rally was driven by expectations of fewer Federal Reserve interest rate cuts, following comments from Fed Chairman Jerome Powell on Thursday.

Recommendations:

- Buy if the price moves at least at the $30,424 level

- Sell if the price is at least around the $2563 level

Resistance Level 2: $30,614

Resistance Level 1: $30,424

 

Support Level 1: $30,144

Support Level 2: $29,954

DISCLAIMER

Note: This article is only an analysis and not a definite reference. Keep paying attention to developments in fundamental and technical aspects in transactions before making investment decisions.

Source: newsmaker.id

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