Silver Down as US-China Worries Ease, Dollar Recovers
Silver prices fell, but remained above $36.00 per troy ounce during the Asian session on Tuesday. Precious metals prices, including silver, were pressured by a stronger US dollar, weaker demand amid growing hopes for an easing of tensions between the United States (US) and China, which continued their talks for a second day on Tuesday.
The US indicated that it would ease certain restrictions on technology exports, in return for assurances that China would ease restrictions on rare earth shipments.
According to US and Chinese officials are expected to meet again for a second day on Tuesday at 10:00 a.m. in London.
RECOMMENDATION
- Buy if price moves to $36,599
- Sell if price moves to $36,319
Resistance 2: $36,919
Resistance 1: $36,744
Support 1: $36,174
Support 2: $35,999
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