Silver Down After Second Session Of Gains
Silver prices fell below $31 an ounce on Thursday (4/10), after extending gains for a second session as commodities bounced back after Trump’s reversal of his tit-for-tat tariff policies.
Meanwhile, minutes from the latest FOMC meeting revealed that most officials expressed concerns about the risk of stagflation. They also flagged the potential consequences of Trump’s trade policies on the Fed’s dual mandate of price stability and maximum employment.
RECOMMENDATIONS
- Buy if price moves to $31,197
- Sell if price moves to $30,597
Resistance Level 2: $31,797
Resistance Level 1: $31,497
Support Level 1: $30,297
Support Level 2: $29,997
Note:
This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id