Silver Rise in Asia Sesion
Silver prices rose around $30.60 an ounce on Friday but were still on track for a fourth straight weekly decline, as a stronger US dollar continued to weigh on the precious metal.
The dollar’s rally was somewhat muted in Asia today. In addition, the market sharply reduced the probability of a quarter-point rate cut at the Fed’s December meeting, with the odds dropping to around 59%, down from 82.5% the previous day.
Silver prices at the time of writing were +1.5% and were at $30,711 Toz.
Recommendations:
- Buy if the minimum price moves at the level of $30,851
- Sell if the minimum price is around the level of $30,571
Resistance Level 2: $31,131
Resistance Level 1: $30,991
Support Level 1: $30,431
Support Level 2: $30,291
DISCLAIMER
Note: This article is only an analysis, not a definite reference. Keep an eye on the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id
