Silver Down as Investors Await President Donald Trump's Announcement
Silver prices hovered around $34 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump’s announcement of tit-for-tat tariffs that will take effect on Wednesday.
Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown.
RECOMMENDATIONS
- Buy if price moves to $34,229
- Sell if price moves to $33,629
Resistance Level 2: $34,829
Resistance Level 1: $34,529
Support Level 1: $33,329
Support Level 2: $33,029
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