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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

24 December 2024 15:12  |

Silver Remains Steady Ahead of Year-End Holidays

Silver was fairly steady at $29,653 during Asian trading on Tuesday.

Silver prices were in quiet holiday trading but a stronger dollar was still weighing on the market, Pranav Mer, an analyst at JM Financial Services Ltd. in Mumbai, said in a note on Tuesday.

Meanwhile, Investors digested the latest data on U.S. consumer confidence, which unexpectedly fell in December on concerns about the economy due to uncertainties related to the policies of the incoming Trump administration.

RECOMMENDATION

- Buy if price moves to at least $29,793

- Sell if price moves to at least around $29,513

 

Resistance Level 2: $29,983

Resistance Level 1: $29,793

 

Support Level 1: $29,513

 

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

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