Silver Rises as Global Trade Tensions Escalate
Silver prices rose above $34 an ounce on Thursday (03/27), extending weekly gains to more than 2% as escalating global trade tensions fueled demand for safe-haven assets.
On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, which will take effect on April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—measures he has vowed to maintain throughout his second term.
RECOMMENDATIONS
- Buy if price moves to $34,337
- Sell if price moves to $33,737
Resistance Level 2: $34,937
Resistance Level 1: $34,637
Support Level 1: $33,437
Support Level 2: $33,137
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id