Silver prices surge nearly 2%
Silver prices rose, recovering from losses in the previous session as initial enthusiasm over the US-China trade deal began to fade, 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.
As of this writing, Silver prices were at $32,926
RECOMMENDATIONS
- Buy if price moves to $32,856
- Sell if price moves to $33,066
Resistance Level 2: $33,206
Resistance Level 1: $33,066
Support Level 1: $32,786
Support Level 2: $32,646
This article is only an analysis and is not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
