Silver Slightly Higher in Asian Markets
Silver rose 0.2% in early Asian trading on Monday, driven by demand for safe-haven assets as traders weighed the threat of new tariffs from President Donald Trump after he announced 30% tariffs on the European Union and Mexico, effective next month.
Trade tensions, such as the massive US tariffs on copper, exacerbated concerns about metal supply, prompting investors to turn to safe-haven assets.
Recommendation:
Buy if the price breaks above $38,789
Sell if the price breaks below $38,189
Resistance 2: $39,389
Resistance 1: $39,089
Support 1: $37,889
Support 2: $37,589
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