Silver Moves Higher, Focus on Trump-Zelenskiy
Silver prices rose above $38 an ounce on Monday (August 18), recovering some of last week's losses, as investors turned their attention to a crucial meeting in Washington between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy in an effort to reach a peace deal with Russia.
Trump said he would press Zelenskiy to reach a settlement soon after his talks with Russian President Vladimir Putin on Friday. While there was no breakthrough on a ceasefire, Putin agreed that the U.S. and Europe should provide strong security guarantees to Ukraine as part of a potential deal to end the war.
Silver prices were at $38.114/oz at the time of writing.
- Buy if the price moves to around $38,414
- Sell if the price moves around $37,814
Resistance 2: $39,014
Resistance 1: $38,714
Support 1: $37,514
Support 2: $37,214
DISCLAIMER
Note: This article is for analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id