Silver Continues Its Uptrend for the Third Straight Day
Silver (XAG/USD) prices extended gains for the third straight session, trading around $30.90 per troy ounce during Asian trading hours on Thursday (1/30).
The precious metal maintained its gains amid dovish signals from major central banks.
The Bank of Canada (BoC) has ended its quantitative easing and joined Sweden’s Riksbank in delivering an interest rate cut
RECOMMENDATION
- Buy if price moves to $31.190
- Sell if price moves to $30.590
Resistance Level 2: $31.790
Resistance Level 1: $31.490
Support Level 1: $30.290
Support Level 2: $29.990
Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id