Silver Loses Momentum Again
Silver prices fell in early trading on Friday. Easing trade tensions between the US and its trading partners have reduced demand for safe-haven assets, weighing on the silver metal.
US President Donald Trump announced a potential trade deal with India, South Korea and Japan, seeking to turn his tariff policies into a trade agreement. Furthermore, Chinese state media said late Thursday that the US has contacted China to start trade talks over Trump's 145% tariffs.
As of this writing, Silver is at $32,471
RECOMMENDATION
- Buy if price moves to $32,400
- Sell if price moves to $32,550
Resistance Level 2: $32,751
Resistance Level 1: $32,611
Support Level 1: $32,331
Support Level 2: $32,191
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