XAG/USD rises and regains $32.00 on safe-haven demand
Silver prices rallied on safe-haven demand on Monday, rising 0.90% and regaining $32.00 a troy ounce at the time of writing.The precious metal continued to perform positively on Monday after US President Donald Trump imposed a 25% tariff on all aluminum and steel imports. This prompted traders to seek the safety of haven assets such as Silver, Gold, and the US Dollar.
As of this News Release Silver price is at $32,157
RECOMMENDATION
- Buy if price moves to $32,100
- Sell if price moves to $32,200
Resistance Level 2: $32,357
Resistance Level 1: $32,257
Support Level 1: $32,057
Support Level 2: $31,957
Note: This article analysis only and is not a definitive reference. Keep in mind the fundamental and technical developments in trading before making any investment decisions.