Silver Prices Steady as US-China Trade War Heats Up
Silver prices (XAG/USD) are still holding on to gains. The white metal is showing strength as the US Dollar (USD) continues to slide amid the escalating trade war between the United States (US) and China. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, fell near 99.60.
China has raised import duties on US products to 125%, matching President Donald Trump’s reciprocal tariff hikes in retaliation.
Until this News Release, Silver Price is at $ 32,199
RECOMMENDATION
- Buy if price moves to $ 32,100
- Sell if price moves to $ 32,400
Resistance Level 2: $ 32,479
Resistance Level 1: $ 32,339
Support Level 1: $ 32,059
Support Level 2: $ 31,909
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