Silver Prices Steady as Safe-Haven Demand Rises
Silver (XAG/USD) prices halted a four-day decline. The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand.
China’s Commerce Ministry said on Friday it was considering a proposal from the United States (US) to resume trade talks. This came after US President Donald Trump said negotiations were ongoing, although he clarified that no talks with Chinese President Xi Jinping were scheduled for this week.
Until this news was released, the price of Silver was at the level of $ 32,434
RECOMMENDATION
- Buy if the price moves to $ 32,350
- Sell if the price moves to $ 32,400
Resistance Level 2: $ 32,714
Resistance Level 1: $ 32,574
Support Level 1: $ 32,294
Support Level 2: $ 32,154
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