Silver Prices Rise Again In Asian Session
Silver (XAG/USD) recovered from intraday losses and rose to nearly $30.63 in the Asian session on Friday (11/29) after hitting a fresh 11-week low around $29.65. The white metal gained ground as a fresh escalation in the war between Russia and Ukraine has boosted its safe-haven demand.
Tensions between Ukraine and Russia escalated after Russia launched Intermediate-Range Ballistic Missiles (IRBMs) against 17 targets in Ukraine including military facilities and their support systems in response to their attack deep inside Russia via the United States (US) ATACMS missiles last week.
RECOMMENDATION
- Buy if price moves at least to $30,774
- Sell if price moves at least around $30,494
Resistance Level 2: $31,154
Resistance Level 1: $30,964
Support Level 1: $30,304
Support Level 2: $30,114
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in trading before making investment decisions.
Source: newsmaker.id