Silver Holds Above $33 In US Session
Silver prices held steady on Tuesday (4/29), after a recent decline as investors awaited clarity on U.S.-China trade relations and key U.S. economic releases. China reiterated that it is not engaged in trade talks with the U.S., refuting claims made by President Donald Trump.
Meanwhile, U.S. 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. Bessent also noted that China’s move to exempt certain U.S. goods from retaliatory tariffs signaled a desire to ease tensions.
RECOMMENDATION
- Buy if price moves to $33,519
- Sell if price moves to $32,919
Resistance Level 2: $34,119
Resistance Level 1: $33,819
Support Level 1: $32,619
Support Level 2: $32,319
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
