Silver prices hit two-week high
Silver prices strengthened after Investors remained cautious following Moody's downgrade of the US sovereign credit rating and growing concerns about the US deficit due to US President Donald Trump's massive tax bill. In addition, renewed US-China trade tensions, along with geopolitical risks, hit global risk sentiment.
As of this writing, Silver prices are at $33,662
RECOMMENDATION
- Buy if price moves to $33,552
- Sell if price moves to $33,750
Resistance Level 2: $33,942
Resistance Level 1: $33,802
Support Level 1: $33,552
Support Level 2: $33,382
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