Amidst Tariff and Dollar Onslaught, Silver Under Further Pressure
Geopolitical tensions and President Donald Trump's aggressive trade policies have also weighed on market sentiment. Trump has refused to extend tariffs targeting 14 countries and announced new tariffs of up to 50% on copper imports, as well as threats of 200% tariffs on pharmaceutical products.
As of this writing, the price of silver is at $36,529.
Recommendation:
Buy if the price breaks above $36,350
Sell if the price breaks below $36,750
Resistance 2: $36,969
Resistance 1: $36,829
Support 1: $36,229
Support 2: $36,089
Note: This article is intended for analysis and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: CP-Newsmaker.id