Silver Up Slightly in Early Asian Session
Silver edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs.
US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism.
RECOMMENDATIONS
- Buy if price moves to $31,790
- Sell if price moves to $31,190
Resistance Level 2: $31,790
Resistance Level 1: $31,490
Support Level 1: $30,890
Support Level 2: $30,590
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