Silver Holds Above $32
Silver held above $32 an ounce on Thursday (2/6), holding near a three-month high hit in the previous session, as the dollar weakened sharply as concerns eased about a global trade war that could fuel inflation.
The US and China have taken a cautious approach to tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments and possibly reach a deal to roll back some existing tariffs.
RECOMMENDATION
- Buy if price moves to $32,337
- Sell if price moves to $31,737
Resistance Level 2: $32,937
Resistance Level 1: $32,637
Support Level 1: $31,437
Support Level 2: $31,137
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