Silver Moves Up Towards $32.00 Mark
Silver (XAG/USD) price halted its three-day losing streak, trading near $31.90 per troy ounce during the US session on Wednesday (4/26). Technical analysis on the daily chart shows a growing bearish outlook, with the metal trading below the lower boundary of its ascending channel pattern.
As of this writing, Gold is trading at $31,900
RECOMMENDATION
- Buy if price moves to $32,200
- Sell if price moves to $31,600
Resistance Level 2: $32,800
Resistance Level 1: $32,500
Support Level 1: $31,300
Support Level 2: $31,000
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