Silver Back in Demand as a Hedge Fund
Silver strengthened after Investor anxiety increased after President Donald Trump threatened to fire Fed Chairman Jerome Powell, raising concerns about political interference in monetary policy and undermining confidence in the central bank's autonomy. Adding to the risk-off mood were rising US-China trade tensions.
As of this writing, silver is trading at $32,593
RECOMMENDATION
- Buy if price moves to $32,500
- Sell if price moves to $32,700
Resistance Level 2: $32,873
Resistance Level 1: $32,733
Support Level 1: $32,453
Support Level 2: $32,313
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