Silver Down as Safe Haven Demand Weakens
Silver (XAG/USD) weakened on Wednesday (07/4), hovering around $33.00 an ounce after two consecutive days of gains.
The decline occurred as safe haven demand weakened following news that U.S. and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation.
RECOMMENDATION
- Buy if price moves to $33,145
- Sell if price moves to $32,545
Resistance Level 2: $33,745
Resistance Level 1: $33,445
Support Level 1: $32,245
Support Level 2: $31,945
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