Silver Drops Below $30
Silver prices fell below $30 an ounce on Tuesday (08/4), following increased volatility as investors continue to navigate shifting global trade dynamics and their impact on economic expectations and tariffs.
The precious metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-driven global recession sparked a wave of liquidation across asset classes.
RECOMMENDATIONS
- Buy if price moves to $30,177
- Sell if price moves to $29,577
Resistance Level 2: $30777
Resistance Level 1: $30,477
Support Level 1: $29,277
Support Level 2: $28,977
Note:
This article is only analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id