Silver Strengthens Amid Middle East Escalation
Silver (XAG/USD) rose on Wednesday (6/18). The white metal is currently trading just above the $37.00 round figure and seems poised to extend its recent uptrend from April monthly swing lows.
In addition, the Middle East conflict is escalating into a wider war after President Donald Trump called for Iran’s unconditional surrender.
RECOMMENDATION
- Buy if price breaks above $37,550
- Sell if price breaks above $36,950
Resistance 2: $38,150
Resistance 1: $37,850
Support 1: $36,650
Support 2: $36,350
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to the fundamental and technical developments in the trade before making any investment decisions.
Source: Newsmaker.id