Silver weakens but upside potential remains
The US Dollar (DXY) is down about 0.40% today and is trading near 98.70. With the US Dollar Index (DXY) down about 0.40% today and is trading near 98.70.
Despite the US Dollar continuing to weaken, Silver prices could again experience selling pressure as market players consider the possibility of a trade deal between the US and Japan in mid-June.
As of this writing, Silver prices are at $33,503
RECOMMENDATIONS
- Buy if price moves to $33,403
- Sell if price moves to $33,615
Resistance Level 2: $33,783
Resistance Level 1: $33,643
Support Level 1: $33,360
Support Level 2: $33,223
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