Silver Down After Trump’s China Tariff Statement
Silver (XAG/USD) prices fell during North American trading hours on Thursday (4/24) from a nearly three-week high of $33.70 set earlier in the day. The white metal corrected as investors began to hope for a significant de-escalation in the trade war between the United States (US) and China.
Investors’ confidence in the normalization of trade relations between the world’s two largest superpowers increased after US President Donald Trump assured that a deal would be made with Beijing. In addition, US Treasury Secretary Scott Bessent has hinted that the two countries could roll back additional tariffs that were recently imposed. "
RECOMMENDATION
- Buy if price moves to $ 33,817
- Sell if price moves to $ 33,217
Resistance Level 2: $ 34,417
Resistance Level 1: $ 34,117
Support Level 1: $ 32,917
Support Level 2: $ 32,617
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