Silver Down in Asia — Risk Sentiment Back in Control
Silver prices attracted some sellers around $36.20, ending during Asian trading hours on Friday (6/13).
Lower-than-expected US inflation in May has prompted traders to raise their bets on a Federal Reserve (Fed) interest rate cut.
Geopolitical tensions escalated after Israel attacked Iran as tensions escalated over US efforts to halt Iran’s production of atomic bomb materials.
RECOMMENDATION
- Buy if price breaks above $36,551
- Sell if price breaks above $35,951
Resistance 2: $37,151
Resistance 1: $36,851
Support 1: $35,651
Support 2: $35,351
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