Silver Rises as Safe-Haven Demand Rises
Silver prices moved higher after posting a loss of more than 1% in the previous session. Manufacturing-sensitive commodities, including silver, faced challenges due to growing concerns about the widening fiscal deficit in the United States (US).
As of this writing, silver prices were at $33,158
RECOMMENDATION
- Buy if the price moves to $33,058
- Sell if the price moves to $33,250
Resistance Level 2: $33,438
Resistance Level 1: $33,298
Support Level 1: $33,018
Support Level 2: $32,878
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