Silver Remains Under Pressure, Holds Around $30.00
Silver prices (XAG/USD) continued their losses for the second straight day, trading around $30.00 per troy ounce during European trading hours on Thursday.
The recent ceasefire between Israel and Hezbollah has eased regional tensions, lowering market fears and reducing the demand for Silver. While some uncertainties persist due to ongoing military actions in Gaza, the geopolitical risks appear less acute.
RECOMMENDATIONS
- Buy if price moves at least $30,154
- Sell if price moves at least around $29,854
Resistance Level 2: $30,524
Resistance Level 1: $30,329
Support Level 1: $29,679
Support Level 2: $29,484
DISCLAIMER
Note: This article is analysis only and is not a definitive reference. Pay attention to developments in fundamental and technical aspects of trading before making investment decisions.
Source: newsmaker.id