Silver Rises on Safe-Haven Demand
Silver prices rose more than 1% to near $33 an ounce on Thursday (08/05), recovering losses from the previous session as investors sought refuge in safe-haven assets amid ongoing economic and trade uncertainty.
The recovery follows the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected.
RECOMMENDATIONS
- Buy if price moves to $32,727
- Sell if price moves to $32,127
Resistance Level 2: $33,327
Resistance Level 1: $33,027
Support Level 1: $31,827
Support Level 2: $31,527
This article is only analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id