Silver Shines Amid Uncertainty!
The price of silver is currently at $37,201, up around 0.56% in today's trading. This strengthening is supported by increased investor interest in safe-haven assets amid global uncertainty. Trade tensions between the US and several major economies, including President Trump's new tariff plans, have made the market more cautious and boosted demand for precious metals like silver.
Fundamentally, silver's prospects are also supported by persistently high industrial demand, particularly from the technology and clean energy sectors, such as solar panels. Despite concerns about a global economic slowdown, recent data shows that physical silver demand remains stable. As long as macroeconomic uncertainty and the Fed's interest rate policy remain unclear, silver has the potential to remain supported by a combination of safe-haven factors and industrial demand.
Recommendation:
Buy if the price breaks above $37,346
Sell if the price breaks below $37,059
Resistance 2: $37,646
Resistance 1: $37,346
Support 1: $37,059
Support 2: $36,741
Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: ayu-Newsmaker.id
