Silver Strengthens Amid US Global Tariff Threats
Silver prices are trading around $39,017, hitting a new 14-year high as demand for safe-haven and industrial metals increases. This surge was driven by market concerns over global trade tensions after US President Donald Trump announced additional tariffs against several major trading partners.
Meanwhile, waning expectations of an interest rate cut by the Fed were not enough to halt silver's rally, as demand for this industrial metal remains strong, particularly from the renewable energy and manufacturing sectors.
Recommendation:
Buy if the price breaks above $39,343
Sell if the price breaks below $38,743
Resistance 2: $39,943
Resistance 1: $39,643
Support 1: $38,443
Support 2: $38,143
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