Silver Rebounds On Donald Trump Sentiment
Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets.
Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies.
Until this news was released, the price of Silver was at the level of $ 32,182
RECOMMENDATION
- Buy if the price moves to $ 32,482
- Sell if the price moves to $ 31,882
Resistance Level 2: $ 33,082
Resistance Level 1: $ 32,782
Support Level 1: $ 31,582
Support Level 2: $ 31,282
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