Silver Holds Steady Ahead of US Data
Silver held above $32 an ounce on Friday (2/7), holding near a three-month high hit in the previous session, as the dollar weakened and concerns eased about a global trade war that could fuel inflation.
Markets await key US jobs data The US-China trade war and concerns that President Donald Trump will follow through on threats to impose tariffs on other countries, as well as his unconventional geopolitical position, support gold's role as a store of value in uncertain times.
RECOMMENDATIONS
- Buy if price moves to $32,564
- Sell if price moves to $31,964
Resistance Level 2: $32,864
Resistance Level 1: $32,564
Support Level 1: $31,964
Support Level 2: $31,664
Note: This article is for analysis only and is not a definitive reference. Keeping in mind the fundamental and technical developments in trading before making any investment decisions.
Source: ads@ Newsmaker