Silver wavers as investors look for developments in Trump-Powel relations
Silver prices are trading sideways, The white metal has been trading sideways for the past three trading days as investors look for new developments in the trade relations between the United States (US) and China.
Earlier news from the United States (US) Treasury Secretary Scott Bessent revealed that he sees a de-escalation with China, which improved the market mood, which is a drag on Silver prices.
As of this news release, Silver prices are at $32,630
RECOMMENDATION
- Buy if price moves to $32,500
- Sell if price moves to $32,700
Resistance Level 2: $32,910
Resistance Level 1: $32,770
Support Level 1: $32,490
Support Level 2: $32,350
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