Silver White Amid Dollar Strengthening
Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump’s massive tariff measures.
The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware.
As of this News Release Silver Prices are at $31,121
RECOMMENDATION
- Buy if price moves to $31,421
- Sell if price moves to $30,821
Resistance Level 2: $32,021
Resistance Level 1: $31,721
Support Level 1: $30,521
Support Level 2: $30,221
Note: This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id