Investor Concerns About Silver
Silver prices fell on Tuesday (6/17) As an industrial metal, silver is highly dependent on sectors such as electronics, automotive, and renewable energy. Fears of a recession, tariff increases, and a decline in manufacturing activity from China et al. have suppressed demand, so silver prices are more affected than gold.
After the early 2025 rally, many traders locked in profits (profit-taking). This price correction was also driven by technical conditions: resistance at the US$36-37 level and support around US$33-34
RECOMMENDATION
- Buy if the price breaks above $36,434
- Sell if the price breaks above $36,154
Resistance 2: $36,734
Resistance 1: $36,434
Support 1: $36,154
Support 2: $35,854
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