Silver Prices Move Positive in Asia
Silver prices (XAG/USD) continued their positive streak for the second day, trading around $31.32 per troy ounce during the Asian session on Tuesday (11/19).
Dollar-denominated silver prices recovered from a two-month low as the USD halted its recent rally. The rally was driven by expectations of fewer Federal Reserve (Fed) interest rate cuts and optimism about better US economic performance under the incoming Trump administration.
Recommendations:
- Buy if the price moves at least at $31,465
- Sell if the price moves at least around $31,185
Resistance Level 2: $31,745
Resistance Level 1: $31,605
Support Level 1: $31,045
Support Level 2: $30,905
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