Silver Steady in Positive Area
Silver prices were steady above $32 an ounce on Monday (2/17). The metal was supported by a weaker dollar, driven by weak US economic data and easing concerns over a global trade war. However, silver hit a three-month high on Friday as strong industrial demand, especially from the electrification and manufacturing sectors, supported prices.
RECOMMENDATION
- Buy if the price moves to $32,626
- Sell if the price moves to $32,026
Resistance Level 2: $33,226
Resistance Level 1: $32,926
Support Level 1: $31,726
Support Level 2: $31,426
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