Silver Holds Up on Increased Safe-Haven Demand
Silver (XAG/USD) prices continued to rise for the second straight day, trading near $31.10 per troy ounce during the Asian session on Thursday. The grey metal surged nearly 4% in the previous session, boosted by renewed safe-haven demand amid escalating US-China trade tensions.
As of this writing, Silver is trading at $31,054
RECOMMENDATION
- Buy if price moves to $30,850
- Sell if price moves to $31,100
Resistance Level 2: $31,334
Resistance Level 1: $31,194
Support Level 1: $30,914
Support Level 2: $30,774
Note:
This article is only an analysis and not a definitive reference. Please take into account fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id