Silver Down AS Dollar Strengthens
Silver (XAG/USD) prices faced pressure during North American trading hours on Friday (21/2). The white metal fell as the US Dollar (USD) strengthened, with Federal Reserve (Fed) officials continuing to direct a tight monetary policy stance. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rose near 106.75.
RECOMMENDATIONS
- Buy if price moves to $32.996
- Sell if price moves to $32.396
Resistance Level 2: $33.596
Resistance Level 1: $33.296
Support Level 1: $32.096
Support Level 2: $31.796
Note:
This article is only analysis and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id