Silver Holds Steady Ahead of NFP Data
Silver prices held steady above $31 an ounce on Friday (6/12), near a one-month high as traders speculated that the US Federal Reserve would cut interest rates again this month.
In addition, silver also benefited from increased demand for safe haven assets amid political turmoil in France and South Korea, as well as ongoing conflicts in Eastern Europe and the Middle East.
RECOMMENDATION
- Buy if the price moves to at least $31,444
- Sell if the price moves at least around $31,164
Resistance Level 2: $31,634
Resistance Level 1: $31,444
Support Level 1: $31,164
Support Level 2: $30,974
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id