Trade Optimism Pressures Silver Prices
Silver prices (XAG/USD) continued their decline for the second consecutive session, trading around $39.10 per troy ounce during the Asian session on Thursday (July 24th). Silver prices weakened due to weakening demand for safe-haven assets, driven by optimism over further trade deals between the US and its major partners.
As of this writing, silver prices were at $39,402.
Recommendation:
Buy if the price moves below $38,300
Sell if the price moves below $39,500
Resistance 2: $39,682
Resistance 1: $39,542
Support 1: $39,262
Support 2: $39,122
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