Silver Moves Positive In Asia
Silver moved positive to $29.6 per ounce, rebounding from a three-month low hit on Dec. 19 as the market reconsidered the level of hawkishness expected from the Fed next year.The white metal rebounded strongly on Friday from a more than three-month low of $28.75 after the release of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which showed that price pressures grew at a slower pace than expectations.
RECOMMENDATION
- Buy if price moves to at least $29.882
- Sell if price moves to at least around $29.542
Resistance Level 2: $30.262
Resistance Level 1: $30.072
Support Level 1: $29.262
Support Level 2: $29.072
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in the transaction before making an investment decision.
Source: Newsmaker.id