Silver Down After Fed Announces Policy
Silver prices fell below $37 an ounce on Thursday (6/19), as investors digested the Federal Reserve's decision to keep interest rates unchanged amid rising tensions in the Middle East.
Despite the modest decline, silver remains high, supported by strong industrial demand, persistent supply deficits and safe-haven buying driven by geopolitical strength.
RECOMMENDATION
- Buy if price breaks above $36,978
- Sell if price breaks above $36,378
Resistance 2: $37,578
Resistance 1: $37,278
Support 1: $36,078
Support 2: $35,778
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