Silver Down As Dollar Continues To Gain Strength
Silver prices fell more than 1% on Friday (3/21), hitting a one-week low as the U.S. dollar strengthened. The dollar's strength came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, although he hinted at two potential rate cuts this year.
RECOMMENDATIONS
- Buy if price moves to $33,428
- Sell if price moves to $32,828
Resistance Level 2: $34,028
Resistance Level 1: $33,728
Support Level 1: $32,528
Support Level 2: $32,228
Note:
This article is only analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id