Silver Moves Higher in Asia
Silver (XAG/USD) prices moved higher after a recent decline, during the Asian session on Wednesday (4/16). The increase occurred as the lingering uncertainty over US trade policy continued to fuel safe-haven demand for the precious metal.
A weaker US Dollar (USD) also supported Silver prices, making dollar-denominated assets more attractive to foreign buyers. Safe-haven flows into Silver strengthened after US President Donald Trump called for an investigation into potential tariffs on all imports of critical minerals. The move signals a more aggressive trade stance and increases the risk of tensions with key suppliers, including China.
Until this News Release, the price of silver is at the level of $ 32,379
RECOMMENDATION
- Buy if the price moves to $ 32,679
- Sell if the price moves to $ 32,079
Resistance Level 2: $ 33,279
Resistance Level 1: $ 32,979
Support Level 1: $ 31,779
Support Level 2: $ 31,479
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