Silver Rises as Investors Look at US, China Tariffs
Silver (XAG/USD) prices rose on Tuesday (4/22). The white metal rose as investors looked for new developments in the trade relationship between the United States (US) and China.
In the second week of this month, US President Donald Trump announced an abrupt 90-day pause in the implementation of reciprocal tariffs but still imposed huge tariffs on China in retaliation by imposing similar levies on US imports.
Until this news was released, the price of silver was at $ 32,887
RECOMMENDATION
- Buy if the price moves to $ 33,187
- Sell if the price moves to $ 32,587
Resistance Level 2: $ 33,787
Resistance Level 1: $ 33,487
Support Level 1: $ 32,287
Support Level 2: $ 31,987
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