Silver Plummets Amid Easing Trade Tensions
Silver prices fell on Thursday (July 31st), recording a significant decline in the past few sessions. This decline was influenced by several fundamental factors affecting the precious metals market.
In addition, market optimism regarding the global economic recovery, particularly following the easing of US-China trade tensions, reduced demand for safe-haven assets like silver.
Silver prices rose -1.46% at the time of writing, to $36,567/Toz.
- Buy if the price moves to around $36,707
- Sell if the price moves to around $36,427
Resistance Level 2: $37,307
Resistance Level 1: $37,007
Support Level 1: $36,127
Support Level 2: $35,827
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Pay attention to developments in fundamental and technical aspects of trading before making investment decisions.
Source: Newsmaker.id