Silver Remains Steady Amid Trade War Turmoil
Silver (XAG/USD) prices posted modest gains around $30.15 during Asian trading hours on Tuesday (4/8). Silver’s gains may be limited as investors liquidate positions to secure profits, possibly covering losses or margin calls on declining asset valuations, triggered by concerns over a global trade war.
However, a weaker greenback may help limit losses in the USD-denominated commodity.
At the time of writing, silver prices were trading at $30,179
RECOMMENDATION
- Buy if price moves to $30,319
- Sell if price moves to $30,039
Resistance Level 2: $30,600
Resistance Level 1: $30,459
Support Level 1: $29,899
Support Level 2: $29,759
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