Silver Down After Easing Trade Tensions
Silver prices fell on Tuesday (4/15), snapping a three-day rally as easing trade tensions dampened demand for safe-haven assets. The pullback followed U.S. President Donald Trump’s decision to exempt key technology products from his newly announced “reciprocal” tariffs, lifting global market sentiment.
China’s Commerce Ministry welcomed the exemptions as a “small step,” while urging the U.S. to fully remove the broader 145% levies on Chinese goods. Markets are now focused on upcoming trade negotiations between the U.S. and key partners, including Japan, India and South Korea.
Until this News Release, Silver Price is at $ 32,254
RECOMMENDATION
- Buy if price moves to $ 32,554
- Sell if price moves to $ 31,954
Resistance Level 2: $ 33,154
Resistance Level 1: $ 32,854
Support Level 1: $ 31,654
Support Level 2: $ 31,354
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
