Silver Down as Trade War Eases
Silver (XAG/USD) traded around $32.30 per troy ounce 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.
RECOMMENDATION
- Buy if price moves to $32,625
- Sell if price moves to $32,025
Resistance Level 2: $33,225
Resistance Level 1: $32,925
Support Level 1: $31,725
Support Level 2: $31,425
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