Silver Strong Ahead of Key Meeting
Silver prices rose above $36 an ounce on Monday (09/06), hitting their highest level in more than 13 years as safe-haven demand remained strong amid global economic and trade uncertainty. The metal also found support from the recent underperformance of gold, which has prompted investors to turn to alternative precious metals
Investors are cautious ahead of a key meeting between the U.S. and China, with sentiment dampened by disappointing Chinese export data. In May, Chinese exports fell short of expectations, weighed down by a sharp drop in shipments to the U.S., underscoring ongoing trade tensions.
RECOMMENDATION
- Buy if price moves to $36,512
- Sell if price moves to $36,232
Resistance 2: $36,812
Resistance 1: $36,512
Support 1: $36,232
Support 2: $35,932
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id