Silver Prices Strengthen in European Session
Silver prices rose on Monday (5/19) in early European trading. Silver was marketed at $32.53 per troy ounce, up 0.75% from $32.29 on Friday.
Meanwhile, the dollar weakened and a credit rating agency Moody's has lowered the US credit rating one notch - from Aaa to Aa1 - citing rising debt levels and a growing burden of interest payments.
The price of silver when this news was released was at $32,526/Toz.
RECOMMENDATION
- Buy if price moves to $32,666
- Sell if price moves to $32,386
Resistance Level 2: $33,106
Resistance Level 1: $32,806
Support Level 1: $32,246
Support Level 2: $31,946
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