Silver Regains Strength Around $36
Silver prices rose during Asian hours on Tuesday (6/24). Silver depreciated as a ceasefire agreement between Israel and Iran reduced demand for safe havens.
On Monday, Federal Reserve (Fed) Vice Chair for Supervision Michelle Bowman could support a July interest rate cut as risks to the job market may increase.
Bowman also highlighted that inflation appears to be on a sustainable path back to 2%, and she is less concerned that tariffs will cause inflation problems.
RECOMMENDATIONS
- Buy if price breaks above $36,255
- Sell if price breaks above $35,975
Resistance 2: $36,855
Resistance 1: $36,555
Support 1: $35,675
Support 2: $35,375
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