XAG/USD maintains gains as safe-haven appeal increases
Silver prices are supported by global uncertainty following fresh tariffs from US President Donald Trump.
The latest FOMC Meeting Minutes stressed the need for more time to assess various factors before considering any interest rate adjustments.
The grey metal is supported by strong industrial demand driven by electrification and manufacturing.
Silver (XAG/USD) bounced back from recent losses recorded in the previous session, The grey metal is gaining momentum as its safe-haven appeal remains strong amid global uncertainty. US President Donald Trump recently proposed a 25% tariff on cars, along with duties on semiconductors and pharmaceuticals.
Until this News Release Silver price is at $ 32,888
RECOMMENDATION
- Buy if price moves to $ 32,738
- Sell if price moves to $ 33,038
Resistance Level 2: $ 33,188
Resistance Level 1: $ 33,038
Support Level 1: $ 32,738
Support Level 2: $ 32,588
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id