Silver Recovers as Investors Await Key US Data
Silver prices held around $33 an ounce on Tuesday, steadying after a recent decline as investors awaited clarity on US-China trade relations and key US economic releases.
China reiterated that it is not engaged in trade talks with the US, refuting claims made by President Donald Trump.
Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made “very good” tariff proposals, and a trade deal with India could be announced soon.
RECOMMENDATIONS
- Buy if price moves to $33,509
- Sell if price moves to $32,909
Resistance Level 2: $34,109
Resistance Level 1: $33,809
Support Level 1: $32,609
Support Level 2: $32,309
Note:
This article is only an analysis and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id