Silver Steady at $33.40
Silver (XAG/USD) prices started the week on a steady note, holding near $33.40 during American trading hours on Monday (5/26), after gaining nearly 4% in the previous week on bullish technical breakout and renewed safe haven demand.
Spot prices edged lower early in the day as signs of easing global trade tensions provided some support to a broadly weaker US Dollar (USD).
Until this news was released, Silver price was at $ 33,467
RECOMMENDATION
- Buy if price moves to $ 33,767
- Sell if price moves to $ 33,167
Resistance Level 2: $ 34,367
Resistance Level 1: $ 34,067
Support Level 1: $ 32,867
Support Level 2: $ 32,567
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