Silver Rises to Highest Level
Silver (XAG/USD) prices rose for the third straight session, during European trading hours on Wednesday (2/5). Safe-haven metals such as Silver gained on rising risk aversion amid global trade and economic uncertainty.
In response to the new 10% US tariffs that came into effect on Tuesday, China imposed a 15% tariff on US coal and liquefied natural gas (LNG) imports, along with additional 10% tariffs on crude oil, farm equipment, and certain cars.
RECOMMENDATIONS
- Buy if price moves to $32,641
- Sell if price moves to $32,041
Resistance Level 2: $33,241
Resistance Level 1: $32,941
Support Level 1: $31,741
Support Level 2: $31,441
Note: This article is analytical 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