Silver attracts some buyers near $32.50 ahead of US Retail Sales release
Silver (XAG/USD) prices traded in positive territory for the third straight day during the Asian session on Friday. Growing concerns about US President Donald Trump’s tariff policies continued to support the white metal. Traders are gearing up for US Retail Sales for January, due out on Friday.
US President Donald Trump has vowed to target countries that tax US imports by matching them with reciprocal tariffs. Late on Thursday, Trump ordered his administration to begin a study assignment in early April, fueling fears of a global trade war, boosting safe-haven assets like Silver.
As of this news release, the price of silver is at $ 32,618
RECOMMENDATION
- Buy if the price moves to $ 32,550
- Sell if the price moves to $ 32,700
Resistance Level 2: $ 32,858
Resistance Level 1: $ 32,758
Support Level 1: $ 32,518
Support Level 2: $ 32,418
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