Silver Rises on Trump’s New Tariff Threats
Silver prices rose more than 1% on Tuesday (06/05), as President Donald Trump’s new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on foreign-produced films. On Monday, he also stated that he intends to impose pharmaceutical tariffs within the next two weeks.
As of this writing, silver is at $33,045
RECOMMENDATION
- Buy if price moves to $33,345
- Sell if price moves to $32,745
Resistance Level 2: $33,945
Resistance Level 1: $33,645
Support Level 1: $32,445
Support Level 2: $32,145
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