Silver Rises as US-China Tensions Heat Up
Silver prices extended gains for a second session as commodities bounced back after Trump’s reversal of his reciprocal tariff policy that lowered new tariffs on imports from most US trading partners to 10% for 90 days to allow for trade negotiations. However, major consumer China remains subject to a steep 125% tariff amid continued tit-for-tat escalation between Washington and Beijing.
As of this writing, silver is trading at $31,240
RECOMMENDATION
- Buy if price moves to $31,200
- Sell if price moves to $31,500
Resistance Level 2: $31,520
Resistance Level 1: $31,380
Support Level 1: $31,140
Support Level 2: $31,040
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
