Silver Corrects After Sharp Rally, Strong Dollar Undermining
Silver prices fell slightly from their highs due to a strengthening dollar.
Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year.
Recommendations:
Buy if the price breaks above $38,138
Sell if the price breaks below $37,538
Resistance 2: $38,738
Resistance 1: $38,438
Support 1: $37,238
Support 2: $36,938
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