Silver Sets 14-Year Record
Silver prices (XAG/USD) weakened slightly after reaching $39.39, their highest level since September 2011, and are currently trading around $39.20 per troy ounce during the Asian session on Wednesday (July 23). Silver prices were pressured by weakening demand for safe-haven assets, driven by the wave of trade deals.
As of the release of this news, the price of silver was at $39,397.
Recommendation:
Buy if the price breaks above $39,300
Sell if the price breaks below $39,450
Resistance 2: $39,677
Resistance 1: $39,537
Support 1: $39,257
Support 2: $39,117
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