Silver Steady as Dollar Weakens
Silver prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners.
On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products.
RECOMMENDATIONS
- Buy if price moves to $31,855
- Sell if price moves to $31,255
Resistance Level 2: $32,455
Resistance Level 1: $32,155
Support Level 1: $29,955
Support Level 2: $29,655
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id