Silver Down Slightly After Weekly Gain
Silver prices were little changed on Monday (3/10) after a strong weekly gain of 4.4%, as trade tensions continued to dominate the news and investors awaited U.S. inflation data for insight into the Federal Reserve’s next policy move.
Market uncertainty deepened after President Donald Trump warned that Canada could soon face retaliatory tariffs on dairy products and lumber. This comes after the U.S. delayed 25% tariffs on a range of Canadian and Mexican goods for a month, while Canada’s retaliatory measures remain in place and China’s tariffs on certain U.S. agricultural products take effect today.
RECOMMENDATIONS
- Buy if price moves to $32,777
- Sell if price moves to $32,177
Resistance Level 2: $33,377
Resistance Level 1: $33,077
Support Level 1: $31,877
Support Level 2: $31,577
Note:
This article is only an analysis and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id