Silver Prices Weaken, Back Down Below $34
Silver prices experienced a fairly sharp decline after previously rising following gold related to the uncertainty of new tariffs from Donald Trump and also strong demand from the industrial side, especially the newest industries such as EV and solar energy
Silver which had touched $34 had to fall again related to profit taking by investors ahead of the opening of the US market. The correction occurred after silver had touched its highest level at 34,459.
RECOMMENDATION
- Buy if the price moves to $33,817
- Sell if the price moves to $33,537
Resistance Level 2: $34,057
Resistance Level 1: $33,857
Support Level 1: $33,497
Support Level 2: $33,292
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