Silver Rebounds to $32
Silver prices traded around $32.29 an ounce on Wednesday (5/2), hitting a new record in early 2025.
Silver is currently still holding near its highest level as the escalating trade war between the US and China has boosted demand for safe haven assets.
RECOMMENDATION
- Buy if the price moves to $32,996
- Sell if the price moves to $31,996
Resistance Level 2: $32,896
Resistance Level 1: $32,596
Support Level 1: $31,996
Support Level 2: $31,696
Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
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