US trade and fiscal uncertainties keep silver on the defensive
Silver’s move now focuses on upcoming labor market data, including the ADP private payrolls report due on Wednesday and the key June jobs report on Thursday, for further signals on the economic outlook and potential Fed policy moves.
At the time of writing, silver was trading at $36,025/Toz.
RECOMMENDATION
- Buy if price breaks above $35,705
- Sell if price breaks above $36,205
Resistance 2: $36,555
Resistance 1: $36,255
Support 1: $35,725
Support 2: $35,585
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