Silver Struggles to Rise at Negative Levels
Silver is holding up amidst declines in other commodities, Economic dynamics in the US, China and India can also contribute to price changes. For the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining silver prices
As of this writing, silver is at $32,592
RECOMMENDATION
- Buy if price moves to $32,500
- Sell if price moves to $32,700
Resistance Level 2: $32,872
Resistance Level 1: $32,732
Support Level 1: $32,452
Support Level 2: $32,312
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