Silver Prices Still Underperforming
Silver prices (XAG/USD) fell on Monday (2/12). Silver is trading at around $30 per troy ounce, down 1.1% today.
This was driven by the US dollar's rebound due to optimism about the US economic outlook.
Meanwhile, investors are now focused on a key political meeting in China this month for potential policy announcements, which could help assess the outlook for the world's top metal consuming nation.
Silver price at the time of this news release -1.1% which is at the level of $ 30,277
RECOMMENDATION
- Buy if the price moves at least to $ 30,417
- Sell if the price moves at least around $ 30,137
Resistance Level 2: $ 30,697
Resistance Level 1: $ 30,557
Support Level 1: $ 29,997
Support Level 2: $ 29,857
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