Silver Prices Remain in Positive Area
Silver prices (XAG/USD) continued to strengthen for the second day in a row, trading around $31,372 per troy ounce this afternoon.
The White Metal as a safe haven asset has seen increased demand amid rising geopolitical tensions. US President Joe Biden authorized Ukraine to use US-made weapons to carry out attacks deep inside Russia, a move that raised concerns in the region.
Recommendations:
- Buy if the price moves at least at the level of $31,512
- Sell if the price moves at least around the level of $31,232
Resistance Level 2: $31,702
Resistance Level 1: $31,512
Support Level 1: $31,232
Support Level 2: $31,042
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