Silver Down On US-China Trade Optimism
Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated.
US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions.
As of this writing, Silver was trading at $32,984
RECOMMENDATION
- Buy if price moves to $33,284
- Sell if price moves to $32,684
Resistance Level 2: $33,884
Resistance Level 1: $33,584
Support Level 1: $32,384
Support Level 2: $32,084
This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id