Silver Holds Steady Against Trump’s Tariffs
Silver held steady on Tuesday (2/11), recovering some of the previous session’s losses as US President Donald Trump’s tariff warnings fueled safe-haven demand for the metal.
Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased
RECOMMENDATION
- Buy if price moves to $32,297
- Sell if price moves to $31,697
Resistance Level 2: $32,897
Resistance Level 1: $32,597
Support Level 1: $31,397
Support Level 2: $31,097
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