Silver Moves Positive Again
Silver prices (XAG/USD) recovered most of their losses in the European session on Friday (1/31). The white metal bounced back strongly as its outlook remains strong amid concerns that US President Donald Trump will impose 25% tariffs on Canada and Mexico.
Donald Trump has also threatened to impose 100% tariffs on BRICS in an attempt to create a new currency to reduce their dependence on the US Dollar.
As of this writing, Silver Prices are at $31,557
RECOMMENDATION
- Buy if price moves to $31,857
- Sell if price moves to $31,257
Resistance Level 2: $32,457
Resistance Level 1: $32,157
Support Level 1: $30,957
Support Level 2: $30,657
Note: This article is analysis only and is not a definitive reference. Keeping in mind the fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id