Silver Down Slightly in US Session
Silver prices fell on Monday (4/28), extending losses from the previous session as easing U.S.-China trade tensions dampened demand for safe-haven metals. Last week, U.S. President Donald Trump signaled an openness to lowering tariffs on China, while Beijing exempted certain U.S. goods from its 125% levies.
Meanwhile, China expressed confidence in meeting its full-year growth target of around 5% but refrained from introducing immediate stimulus, preferring to first assess the impact of the escalating trade dispute with the U.S. Investors also await key U.S. economic data this week, which could strengthen expectations for an early Federal Reserve interest rate cut. Until this news was released, Silver Price was at $ 33,052
RECOMMENDATION
- Buy if the price moves to $ 33,352
- Sell if the price moves to $ 32,752
Resistance Level 2: $ 33,952
Resistance Level 1: $ 33,652
Support Level 1: $ 32,452
Support Level 2: $ 32,152
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
