Silver Rises on Trump's New Tariff Threats
Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05).
Prices of precious metals, including Silver, rose 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 films produced overseas.
RECOMMENDATION
- Buy if price moves to $33,372
- Sell if price moves to $32,772
Resistance Level 2: $33,972
Resistance Level 1: $33,672
Support Level 1: $32,472
Support Level 2: $32,172
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