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