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