Will Silver prices experience a correction?
Silver prices are still struggling in the early European trading session, when the news was made Silver was trading at around $29.96 on Wednesday (15/1). This is supported by market players still focusing on the US inflation data that will be released. While investors expect to support the US Federal Reserve's (Fed) decision to maintain interest rates at the current level in January.
RECOMMENDATIONS:
- Buy if the price moves to around $30,269
- Sell if the price moves to around $29,669
Resistance Level 2: $30,869
Resistance Level 1: $30,569
Support Level 1: $29,369
Support Level 2: $29,069
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