Silver Down Ahead of US Data
Silver (XAG/USD) prices fell on Thursday (06/03) and eroded some of the weekly gains recorded over the past three days. The white metal is currently trading above the mid-$32.00s, down 0.35% for the day, although the near-term bias seems tilted towards bullish traders and supports prospects for further appreciating moves.
RECOMMENDATION
- Buy if price moves to $32,670
- Sell if price moves to $32,070
Resistance Level 2: $33,270
Resistance Level 1: $32,970
Support Level 1: $31,770
Support Level 2: $31,470
Note:
This article is only an analysis and not a definitive reference. Keep in mind the fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id