Silver Prices See Slight Buying Action
Rising tensions in the Middle East and the ongoing conflict between Ukraine and Russia could boost the price of gold, a traditional safe haven asset. Looking ahead, investors will be watching US Retail Sales for October, due on Friday. In addition, NY Empire State Manufacturing Index and Industrial Production data will be released. Fed’s Susan Collins and John Williams will speak on the same day.
As of this writing, Silver is at $30,352
Recommendations:
- Buy if the price moves at least at $30,152
- Sell if the price moves at least around $30,552
Resistance Level 2: $30,752
Resistance Level 1: $30,552
Support Level 1: $30,152
Support Level 2: $29,952
DISCLAIMER
Note: This article is only an analysis and not a definite reference. Always pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id