Silver Gains Over 3%
Silver (XAG/USD) surged sharply on Thursday (05/06), gaining over 3% intraday and hitting its highest level in over a decade, as the precious metal continues to attract investor interest amid rising trade tensions and rising US Dollar outflows.
A weaker US Dollar (USD) has made Silver more attractive to buyers, while rising trade tensions, rising tariffs, and broader economic uncertainty have strengthened the metal’s appeal as a traditional safe-haven asset.
RECOMMENDATIONS
- Buy if price moves to $35,902
- Sell if price moves to $35,302
Resistance 2: $36,502
Resistance 1: $36,202
Support 1: $35,002
Support 2: $34,702
This article is only an analysis and not a definitive reference.
Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id