Silver Strengthens as Dollar Weakens
Silver prices rose above $36.50 per ounce on Thursday (July 10), ending a three-day losing streak as a weakening US dollar and a sharp drop in Treasury yields boosted demand for the precious metal.
This movement followed the minutes of the Federal Reserve's last meeting, which showed that most policymakers were open to cutting interest rates later this year.
Recommendation:
Buy if the price breaks above $36,846
Sell if the price breaks below $36,246
Resistance 2: $37,446
Resistance 1: $37,146
Support 1: $35,946
Support 2: $35,646
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: Newsmaker.id