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Indonesia News Portal for Traders | Financial & Business Updates

6 December 2024 16:34  |

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

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