Silver Recovers, Driven by Dollar Weakness
Silver prices (XAG/USD) gained ground in Asian trading on Monday (July 28th), capitalizing on the current dollar weakness, which helped offset pressure from increased risk appetite after the US and the European Union announced their trade agreement.
While the market continues to focus ahead of the US-China meeting to discuss a trade deal on Monday, attention will also be focused on several upcoming releases this week.
Silver prices rose 0.34% at the time of writing, reaching $38.273/Toz.
- Buy if the price moves to around $38,413
- Sell if the price moves to around $38,133
Resistance Level 2: $38,639
Resistance Level 1: $38,553
Support Level 1: $37,993
Support Level 2: $37,869
DISCLAIMER
Note: This article is only an analysis and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id(yds)