Silver Gains Amid Trump Tariff Uncertainty
Silver price (XAG/USD) holds onto gains near Wednesday’s high around $32.30 in Thursday’s European session. The white metal remains firm amid uncertainty that United States (US) President Donald Trump will announce reciprocal tariffs on Thursday.
The White House said on Wednesday that US President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday.
Such a scenario would deepen fears of a global trade war, which will boost the safe-haven appeal of precious metals, such as Silver.
RECOMMENDATIONS
- Buy if price moves to $32.589
- Sell if price moves to $31.929
Resistance Level 2: $33.189
Resistance Level 1: $32.889
Support Level 1: $31.629
Support Level 2: $31.329
Note: This article analysis is only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id