Silver Prices Down During Asian Session
Silver prices moved lower amid a quiet post-Christmas holiday trade, trading near $29 during the Asian session on Friday(12/27).
Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting.
The safe-haven appeal was supported by rising geopolitical risks stemming from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East.
RECOMMENDATION
- Buy if price moves to at least $29,781
- Sell if price moves to at least around $29,501
Resistance Level 2: $29,971
Resistance Level 1: $29,781
Support Level 1: $29,501
Support Level 2: $29,311
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the developments in the fundamental and technical aspects of the transaction before making investment decisions.
Source: Newsmaker.id