Silver Strengthens Amid US Tariff Threats
Silver prices rose on Tuesday (July 15th), reflecting strong safe-haven demand amid rising geopolitical tensions and global economic uncertainty. This surge was also driven by high inflation expectations ahead of the release of US CPI data, as well as the US's threat of 100% secondary tariffs on Russian oil buyers, which raised market concerns. In addition to macroeconomic factors, silver also received support from solid industrial demand, particularly from the renewable energy and electric vehicle sectors.
Recommendation:
Buy if the price breaks above $38,377
Sell if the price breaks below $38,097
Resistance 2: $38,977
Resistance 1: $38,677
Support 1: $37,797
Support 2: $37,497
Note: This article is intended for analytical purposes and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: Newsmaker.id