Contrast to Gold, Silver Drops
Silver prices fell at the opening of the Asian session after previously closing with gains. Silver, which usually goes hand in hand with gold, this time moved in the opposite direction and even experienced a decline even after Donald Trump issued his reciprocal tariffs on many countries.
Concerns about a global trade war are feared to weaken industrial demand for silver. US economic data showed that their manufacturing sector fell into contraction territory in March.
RECOMMENDATION
- Buy if the price moves to $33,766
- Sell if the price moves to $33,566
Resistance Level 2: $34,011
Resistance Level 1: $33,806
Support Level 1: $33,526
Support Level 2: $33,321
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