Silver Prices Fluctuate Again
Silver prices are fluctuating again as Geopolitical instability or fear of a severe recession can cause silver prices to rise due to its status as a safe haven asset, although to a lesser extent than gold. As a non-yielding asset, silver tends to rise with lower interest rates. Its movements also depend on the behavior of the US Dollar (USD) since the asset is priced in dollars.
As of this News Release, silver prices are at $ 32,300
RECOMMENDATION
- Buy if the price moves to $ 32,200
- Sell if the price moves to $ 32,400
Resistance Level 2: $ 32,600
Resistance Level 1: $ 32,450
Support Level 1: $ 32,150
Support Level 2: $ 32,000
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