Silver Resumes Selling Pressure
Silver (XAG/USD) prices remained under pressure after rising in the previous session during the Asian trading hours on Friday. Safe-haven metals such as Silver faced selling pressure as risk sentiment strengthened following US President Donald Trump's announcement of potential progress in trade negotiations with China. Trump's remarks helped ease market concerns over tariffs, and he expressed hope that Chinese President Xi Jinping might visit, while also discussing matters related to TikTok.
Until this News Released the price of silver was at the level of $ 32,843
RECOMMENDATION
- Buy if the price moves to $ 32,693
- Sell if the price moves to $ 32,993
Resistance Level 2: $ 33,143
Resistance Level 1: $ 32,993
Support Level 1: $ 32,693
Support Level 2: $ 32,543
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