Silver Drops on Global Trade Concerns
Silver prices fell to around $31.50 an ounce on Friday (4/4), bringing weekly losses to nearly 8% as global trade and economic concerns sparked a broad sell-off across financial markets.
The decline followed US President Donald Trump's announcement of a 10% base tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%) and India (27%).
RECOMMENDATIONS
- Buy if price moves to $31,623
- Sell if price moves to $31,032
Resistance Level 2: $32,223
Resistance Level 1: $31,923
Support Level 1: $30,723
Support Level 2: $30,423
Note:
This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id