Silver Steady Ahead of US Data
Silver prices held above the $30 an ounce level in the mid-US session on Monday as investors cautiously awaited key US economic data that could influence the Federal Reserve's monetary policy outlook.
Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further.
RECOMMENDATIONS
- Buy if the price moves to around $30,327
- Sell if the price moves to around $29,552
Resistance Level 2: $30,627
Resistance Level 1: $30,327
Support Level 1: $29,252
Support Level 2: $29,552
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in the transaction before making an investment decision.
Source: Newsmaker.id