Silver Prices Drop 2%
Silver prices dropped 2% to around $30.300 per ounce on Monday, giving back gains from the previous week and following a decline in gold prices as safe-haven demand for precious metals waned. The pullback came after US President-elect Donald Trump nominated hedge fund manager Scott Bessent as Treasury Secretary, reducing some market uncertainty.
Silver is currently trading at $ 30,260 or down around 2.2%
RECOMMENDATIONS
- Buy if the price moves at least at $ 30,060
- Sell if the price moves at least around $ 30,460
Resistance Level 2: $ 30,660
Resistance Level 1: $ 30,460
Support Level 1: $ 30,060
Support Level 2: $ 29,860
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Always pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source : newsmaker.id