Silver Down After Surging 3%
Silver fell nearly 1% to around $33.3 an ounce on Thursday in a possible technical correction after surging more than 3% in the previous session to a three-week high. The white metal continues to diverge from gold, reflecting its hybrid nature as a precious metal and an industrial metal—making it more sensitive to shifts in macroeconomic sentiment and trade developments.
Recent market movements have been shaped by evolving US-China trade signals.
RECOMMENDATIONS
- Buy if price moves to $33,800
- Sell if price moves to $33,200
Resistance Level 2: $34,400
Resistance Level 1: $34,100
Support Level 1: $32,900
Support Level 2: $32,600
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