Silver Prices Recover
Silver began to experience an increase on Friday during the Asian trading session.
After the release of US data that affected silver prices yesterday, it tended to decline. Furthermore, market players mostly still expect a 25bps increase by the Fed next week and expect further interest rate cuts next year, although uncertainty remains about the extent of the reduction.
RECOMMENDATION
- Buy if the price moves to at least $31,402
- Sell if the price moves to at least around $30,662
Resistance Level 2: $31,702
Resistance Level 1: $31,402
Support Level 1: $30,662
Support Level 2: $30,362
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id