Silver Prices Rise Slightly, Investors Await Market Certainty
Silver prices are currently rising slightly, reflecting price consolidation after a significant surge last week. On Friday, silver prices surged nearly 4% to a 14-year high of $39.12, driven by global trade tensions and safe-haven demand.
However, since then, silver prices have corrected and traded lower, reflecting market uncertainty and reduced investor demand for safe-haven assets.
Silver prices at the time of writing were up 0.04% at $38.155/Toz.
- Buy if the price moves to around $38,295
- Sell if the price moves to around $38,015
Resistance Level 2: $38,575
Resistance Level 1: $38,435
Support Level 1: $37,875
Support Level 2: $37,735
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id