Silver Prices Slump During Asian Session
Silver (XAG/USD) extended its decline for the second straight day, trading around $29.60 per troy ounce during the Asian session on Thursday (11/28). The decline in Silver prices can be attributed to the easing of safe-haven flows amid easing geopolitical tensions in the Middle East.
A ceasefire between Israel and the Lebanese armed group, Hezbollah, was successfully enforced on Wednesday, following a deal brokered by the United States (US) and France.
RECOMMENDATIONS
- Buy if the price moves at least $29,815
- Sell if the price moves at least $29,535
Resistance Level 2: $30,195
Resistance Level 1: $30,005
Support Level 1: $29,345
Support Level 2: $29,155
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