Silver Prices Steady As US Dollar Weakens
Silver (XAG/USD) prices held steady on Wednesday (1/22), supported by a weaker dollar and as markets flocked to safe haven assets amid uncertainty surrounding potential tariffs from US President Donald Trump.
The newly elected President has yet to provide specific details on universal tariffs or additional costs on major trading partners, a key plank of his election campaign.
As of this writing, silver is trading at $30,836
RECOMMENDATIONS:
- Buy if price moves to around $31,136
- Sell if price moves to around $30,536
Resistance Level 2: $31,436
Resistance Level 1: $31,136
Support Level 1: $30,536
Support Level 2: $30,236
DISCLAIMER
Note: This article is only an analysis and is not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id