Silver Prices Remain Stable Amid Geopolitical Turmoil
Silver prices remain stable because Silver is widely used in industry, especially in sectors such as electronics or solar energy, as it has one of the highest electrical conductivities of all metals higher than Copper and Gold. A surge in demand could increase prices. The dynamics of the US, China and India economies could also contribute to price changes for the US and especially China, their large industrial sectors use Silver in various processes.
As of this News Release, the Silver price is at $32,331
RECOMMENDATION
- Buy if the price moves to $32,200
- Sell if the price moves to $32,500
Resistance Level 2: $32,631
Resistance Level 1: $32,500
Support Level 1: $32,200
Support Level 2: $32,050
Note:
The analysis of this article is only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id