Silver Steady Ahead of Jobless Claims
Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions.
The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%.
RECOMMENDATIONS
- Buy if price moves to $32,846
- Sell if price moves to $32,246
Resistance Level 2: $33,446
Resistance Level 1: $33,146
Support Level 1: $31,946
Support Level 2: $31,646
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