Silver Moves Positively Positif As Weaker Dollar
The Silver price (XAG/USD) trades in positive territory around $37.20 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). Investors brace for further development surrounding US President Donald Trump’s tariff policy on major trade partners.
Trump late Wednesday announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea. The agreement includes a $350 billion commitment from South Korea toward US-owned and controlled investments.
Also, Investors continue to assess the 25% duties on imports from India, along with an unspecified “penalty.” Any signs of tariff uncertainty or renewed trade tensions could boost demand for safe-haven assets such as Silver.
The price of silver at the time of writing was up 0.34%, standing at $37,202/Toz.
- Buy if the price moves to around $37,413
- Sell if the price moves to around $37,062
Resistance Level 2: $37,639
Resistance Level 1: $37,553
Support Level 1: $36,993
Support Level 2: $36,869
DISCLAIMER
Note: This article is only an analysis and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id(yds)