Silver Rises Slightly as Dollar Again Under Pressure
Silver prices are currently around $36,366, recording moderate gains in the early session on Thursday (6/26) as the US Dollar weakens and Treasury bond yields decline. Market sentiment tends to be cautious but still shows interest in safe-haven assets such as silver, especially amid uncertainty over US tariffs and the direction of the Fed's monetary policy.
Technically, silver is still above the support of the medium-term rising channel, with momentum starting to stabilize even though the RSI indicator shows conditions approaching overbought.
RECOMMENDATIONS
- Buy if the price breaks above $36,506
- Sell if the price breaks above $36,226
Resistance 2: $37,106
Resistance 1: $36,806
Support 1: $35,926
Support 2: $35,626
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