Silver Prices Remain in the Green Zone
Silver prices held around $37 per ounce on Monday (August 4th) after rising nearly 1% in the previous session.
This increase was driven by growing speculation that the Federal Reserve will cut interest rates following weaker-than-expected US employment data.
Meanwhile, investors are also considering the broader economic impact of President Donald Trump's retaliatory tariffs, which could impact economic growth and drive inflationary pressures globally.
At the time of writing, silver was up 0.5% at $37,233/oz.
- Buy if the price moves to around $37,373
- Sell if the price moves to around $37,093
Resistance Level 2: $37,813
Resistance Level 1: $37,513
Support Level 1: $36,956
Support Level 2: $36,656
DISCLAIMER
Note: This article is for analysis only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id-(yds)