Silver Still Under Pressure
Silver fell for a second day, as lingering uncertainty over the U.S.-China trade war kept demand for the second safe-haven asset low. Treasury Secretary Scott Bessent said Wednesday that high tariffs between the U.S. and China need to be reduced before trade talks can resume, though he stressed that President Trump would not unilaterally cut tariffs on Chinese goods.
As of this writing, silver is still at $33,295
RECOMMENDATION
- Buy if price moves to $33,200
- Sell if price moves to $33,400
Resistance Level 2: $33,575
Resistance Level 1: $33,435
Support Level 1: $33,155
Support Level 2: $33,015
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
