Silver Rises as Investors Eye U.S. Federal Court Ruling
Silver prices rose on Thursday (5/29) as investors responded to a U.S. federal court ruling blocking President Donald Trump’s retaliatory tariffs, easing uncertainty over trade.
The U.S. Court of International Trade ruled that Trump had exceeded his authority in imposing the tariffs, ordering the action to be rescinded and permanently banned.
As of this writing, silver is trading at $33,294
RECOMMENDATION
- Buy if price moves to $33,594
- Sell if price moves to $32,994
Resistance Level 2: $34,194
Resistance Level 1: $33,894
Support Level 1: $32,694
Support Level 2: $32,394
This article is only analysis and not a definitive reference.
Pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id