Silver Halts Its Uptrend
Silver (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31).
Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern.
RECOMMENDATIONS
- Buy if price moves to $31,861
- Sell if price moves to $31,261
Resistance Level 2: $32,461
Resistance Level 1: $32,161
Support Level 1: $30,961
Support Level 2: $30,661
Note: This article is only an analysis and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id