Silver Rises as Markets Eye US Economic Dynamics
Silver's downtrend has stalled and may be ready to rise due to several technical factors. The economic dynamics of the US, China and India can also contribute to price changes, for the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining prices.
As of this writing, Silver is at $30,081
RECOMMENDATION
- Buy if price moves to $30,000
- Sell if price moves to $30,200
Resistance Level 2: $30,321
Resistance Level 1: $30,221
Support Level 1: $29,941
Support Level 2: $29,841
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