Silver Price Still Moving in $31 Area
Silver prices rose above $31 an ounce on Friday, bouncing back after two consecutive days of declines, supported by rising safe-haven demand amid rising tensions in the Russia-Ukraine conflict.
Russian President Vladimir Putin announced on Thursday that the conflict was escalating into a global confrontation, citing Ukraine's use of weapons supplied by the US and UK to achieve its goals.
- Buy if the price moves at least at $31,481
- Sell if the price moves at least around $31,201
Resistance Level 2: $31,761
Resistance Level 1: $31,621
Support Level 1: $31,061
Support Level 2: $30,921
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Always pay attention to the fundamental and technical development aspects in trading before making investment decisions.
Source: newsmaker.id