Silver Down Ahead of Year-End
Silver prices moved steadily in the $29 area this evening. The white metal was broadly under pressure as the US Dollar (USD) outlook remained strong on expectations that a moderate policy easing cycle by the Federal Reserve (Fed) in 2025 would keep US Treasury yields high.
RECOMMENDATION
- Buy if the price moves to around $29,427
- Sell if the price moves to around $28,827
Resistance Level 2: $29,427
Resistance Level 1: $29,427
Support Level 1: $28,827
Support Level 2: $28,527
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to developments in fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id