Silver Extends Decline Nearing 1%
Silver (XAG/USD) extended its decline during the Asian session on Wednesday (5/14) sparking some extended selling. The white metal dropped to a fresh intraday low, although the mixed technical setup warrants caution before positioning for deeper losses.
As of this writing, Silver is trading at $32,622
RECOMMENDATION
- Buy if price moves to $32,922
- Sell if price moves to $32,322
Resistance Level 2: $33,522
Resistance Level 1: $33,222
Support Level 1: $32,022
Support Level 2: $31,722
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