Silver Rises Near $38 Amid Market Optimism
Silver prices (XAG/USD) strengthened after dropping about 2% in the previous session, trading around $37.80 per troy ounce during European trading hours on Tuesday (August 12th).
Silver attracted buyers after US President Donald Trump announced on Monday evening that he would delay the implementation of massive tariffs on China for an additional 90 days.
The decision came just hours before the previous agreement between the world's two largest economies was scheduled to expire.
At the time of writing, silver was up 0.5% at $37.755/Toz.
- Buy if the price moves to the $38,055 range
- Sell if the price moves to the $37,455 range
Resistance Level 2: $38,655
Resistance Level 1: $38,355
Support Level 1: $37,155
Support Level 2: $36,855
DISCLAIMER
Note: This article is for analysis purposes only and is not a definitive reference. Please consider the fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id