Silver Recovers on Rising Safe-Haven Demand
Silver (XAG/USD) prices snapped a four-day losing streak during Asian market hours on Tuesday (3/25). The recovery was driven by rising safe-haven demand amid rising geopolitical tensions.
The United Nations (UN) announced on Monday that it would reduce its international staff in Gaza by about a third after Israeli airstrikes killed hundreds of civilians, including UN personnel. After a two-month ceasefire brought relative calm to the 18-month war, Israel resumed a full-scale air and ground campaign against Hamas on Tuesday.
RECOMMENDATION
- Buy if price moves to $33,392
- Sell if price moves to $32,792
Resistance Level 2: $33,992
Resistance Level 1: $33,692
Support Level 1: $32,492
Support Level 2: $32,192
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