Silver Awaits the Fed
Silver is trading at US$41.335 per ounce, down slightly -0.01%. Pressure is coming from market consolidation, but expectations of a Fed rate cut are maintaining positive sentiment.
Investment and industrial demand remain strong, so the opportunity for silver to test the US$42 level remains open if the Fed signals a dovish signal.
The silver price at the time of writing was up -0.30% to $41.335/Toz.
- Buy if the price moves to $41.475
- Sell if the price moves to $41.195
Resistance 2: $41.845
Resistance 1: $41.475
Support 1: $41.195
Support 2: $40.805
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.(ayu)
Source: Newsmaker.id