Silver Rebounds From Losses
Silver prices jumped nearly 2% to above $33 an ounce on Tuesday, recovering from losses in the previous session as early enthusiasm over a U.S.-China trade deal faded, leading to broader market caution.
The rally followed weekend negotiations in Switzerland, where Washington and Beijing agreed to reduce tariffs to 10% and 30% respectively for a 90-day period—marking a significant, if temporary, de-escalation in trade tensions.
RECOMMENDATIONS
- Buy if price moves to $33,336
- Sell if price moves to $32,736
Resistance Level 2: $33,936
Resistance Level 1: $33,636
Support Level 1: $32,436
Support Level 2: $32,136
This article is only analysis and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id