Silver Holds Above $31.00
Silver (XAG/USD) prices bounced back after two consecutive days of losses, trading on Monday (03/03). The precious metal benefited from safe-haven demand amid concerns over US President Donald Trump’s tariff policies.
Over the weekend, Trump announced an additional 10% tariff on Chinese imports, effective Tuesday, following a similar 10% tariff imposed last month. Additionally, on Thursday, he stated via Truth Social that a 25% tariff on Canadian and Mexican goods would go into effect on March 4.
RECOMMENDATION
- Buy if price moves to $31,748
- Sell if price moves to $31,148
Resistance Level 2: $32,348
Resistance Level 1: $32,048
Support Level 1: $30,848
Support Level 2: $30,548
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