Stable Price Personal Data
Silver prices held steady near $30 an ounce on Wednesday (1/15) as investors awaited a key US inflation report that could influence the Federal Reserve’s interest rate decision later this month.
Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year.
Despite the recent pullback, the metal’s value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technologies, as well as ongoing supply concerns.
RECOMMENDATION:
- Buy if price moves to around $30,881
- Sell if price moves to around $30,281
Resistance Level 2: $31,181
Resistance Level 1: $30,881
Support Level 1: $30,281
Support Level 2: $29,981
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
