Silver Trims Gains in US Session
Silver prices reversed early gains and extended their decline from a more than three-month high, amid continued uncertainty over demand, fueled by concerns about U.S. tariff policy.
Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday’s release of the January PCE Price Index, the Federal Reserve’s preferred measure of inflation.
RECOMMENDATIONS
- Buy if price moves to $32,580
- Sell if price moves to $31,980
Resistance Level 2: $33,180
Resistance Level 1: $32,880
Support Level 1: $31,680
Support Level 2: $31,380
Note:
This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id