Silver Rises as Trade Tensions Escalate
Silver prices rose above $32.50 an ounce on Wednesday, hitting a nearly two-week high as escalating trade tensions and broad economic uncertainty boosted safe-haven demand.
The latest gains came after U.S. President Donald Trump ordered an investigation into potential new tariffs on all imports of critical minerals—most of which are sourced from China—further stoking fears of a deepening trade war.
Beijing has continued to push back against what it calls Trump’s “trade bullying” as it braces for a broader impact from existing and future U.S. tariffs.
RECOMMENDATION
- Buy if price moves to $33,140
- Sell if price moves to $32,540
Resistance Level 2: $33,740
Resistance Level 1: $33,440
Support Level 1: $32,240
Support Level 2: $31,940
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