Silver Rises Near $33, Amid Weakening Dollar
Silver prices rose on Tuesday (5/20), as the metal regained traction after two consecutive days of losses.
While seemingly range-bound, the rebound was supported by a weaker US Dollar (USD) and steady investor demand for the industrial metal, even as easing geopolitical tensions boosted broader investor confidence.
As of press time, Silver was trading at $32,988
RECOMMENDATION
- Buy if price moves to $33,288
- Sell if price moves to $32,688
Resistance Level 2: $33,888
Resistance Level 1: $33,588
Support Level 1: $32,388
Support Level 2: $32,088
This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id