Silver Continues Downtrend
Silver prices fell to $32.2 an ounce, extending their decline from a more than three-month high of $33.39 reached on Feb. 14, amid continued demand uncertainty, 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 $32,497
- Sell if price moves to $31,897
Resistance Level 2: $33,097
Resistance Level 1: $32,797
Support Level 1: $31,597
Support Level 2: $31,297
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