Silver Stable in Positive Area
Silver prices had increased to $31 in today's Asian trading session (9/12)
This was driven by geopolitical tensions in the second week of December which also supported the strengthening of silver prices. Starting from the collapse of the French government, the failed military emergency efforts in South Korea (South Korea), tensions in the Middle East which were compounded by the control of Syria by rebels, to the Russia-Ukraine conflict.
Meanwhile, the market currently estimates a 75% chance that the Fed will lower interest rates by 25 basis points at its meeting in December, up from 59% a week ago.
RECOMMENDATION
- Buy if price moves at least to $31,087
- Sell if price moves at least around $30,807
Resistance Level 2: $31,277
Resistance Level 1: $31,087
Support Level 1: $30,807
Support Level 2: $30,617
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
