Silver Moves Lower Again in Asia
Silver (XAG/USD) fell during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump’s announcement of exemptions for key technology products from newly proposed “reciprocal” tariffs.
The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. However, Silver’s declines remained limited as Trump simultaneously launched an investigation into potential tariffs on critical minerals, further escalating trade tensions with China.
RECOMMENDATION
- Buy if price moves to $32,792
- Sell if price moves to $32,192
Resistance Level 2: $33,392
Resistance Level 1: $33,092
Support Level 1: $31,892
Support Level 2: $31,592
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