Silver Soars In Europe
Silver prices surged to $35.60 an ounce on Thursday (6/5), hitting their highest level since February 2012, as weak U.S. economic data and a dovish Federal Reserve outlook fueled safe-haven demand ahead of Friday's nonfarm payrolls report.
Beyond economic fundamentals, geopolitical and trade tensions are adding to market jitters. The U.S. has doubled tariffs on steel and aluminum imports to 50%, stoking fears of renewed trade tensions with major partners.
RECOMMENDATIONS
- Buy if price moves to $35,824
- Sell if price moves to $35,224
Resistance 2: $36,424
Resistance 1: $36,124
Support 1: $34,924
Support 2: $34,624
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