Silver Down After High
Silver prices edged lower on Friday, after hitting their highest since October 2024, extending weekly gains to more than 2% as rising 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, set to take effect April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—actions he has vowed to continue throughout his second term. The tariffs have raised concerns about collections, adding pressure on economic growth while helping to revive inflation.
RECOMMENDATION
- Buy if price moves to $34,534
- Sell if price moves to $33,934
Resistance Level 2: $35,134
Resistance Level 1: $34,834
Support Level 1: $33,634
Support Level 2: $33,334
Note:
This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id