Silver Soars Strongly in US Session
Silver (XAG/USD) prices surged strongly in the US session on Tuesday (2/18). The white metal recovered its intraday losses and turned positive despite many obstacles, such as strong expectations for the Federal Reserve's (Fed) 'higher for longer' interest rate stance, increasing optimism over Russia-Ukraine peace, and easing concerns from US President Donald Trump about tariffs.
RECOMMENDATION
- Buy if price moves to $33,150
- Sell if price moves to $32,550
Resistance Level 2: $33,750
Resistance Level 1: $33,450
Support Level 1: $32,250
Support Level 2: $31,950
Note:
This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id