Silver Still in Positive Area Ahead of Christmas Holiday
Silver moved above $29.50 an ounce, recovering from a three-month low of $29 hit on Dec. 19 as markets reconsidered the level of hawkishness expected from the Fed next year. Lower-than-expected core PCE prices in November eased concerns about overly tight interest rates fueled by hawkish projections from FOMC members, lowering bond yields and supporting the precious metal.
As of this News Release Silver Price is at $29,647
RECOMMENDATION
- Buy if price moves to at least $29,497
- Sell if price moves to at least around $29,797
Resistance Level 2: $29,947
Resistance Level 1: $29,797
Support Level 1: $29,497
Support Level 2: $29,347
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