Inflation Data Still Boosts Safe-Haven Demand for Silver
Silver (XAG/USD) struggled to keep up with gold, trading around an intraday low of $30.70 on Friday. While geopolitical tensions and expectations of a Fed rate cut have supported gold, silver remains more sensitive to shifts in economic sentiment and market risk appetite, contributing to its weaker performance.
Rising US Treasury yields and a stronger dollar have further weighed on silver, as the metal competes with interest-bearing assets. Despite these headwinds, analysts note that silver tends to follow gold’s trajectory, albeit with increased volatility during periods of uncertainty.
RECOMMENDATION
- Buy if the price moves to at least $30,905
- Sell if the price moves to at least around $30,605
Resistance Level 2: $31,270
Resistance Level 1: $31,080
Support Level 1: $30,430
Support Level 2: $30,240
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
