Silver Down Amid Industrial Demand Concerns
Silver prices fell to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump.
Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil.
RECOMMENDATIONS
- Buy if price moves to $29,730
- Sell if price moves to $29,130
Resistance Level 2: $30,330
Resistance Level 1: $30,030
Support Level 1: $28,830
Support Level 2: $28,530
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