Silver Remains in the Green Zone
Positive sentiment ahead of a potential interest rate cut from the Fed has made precious metals, including silver, more attractive, as carrying costs are likely to decrease if interest rates fall.
At the time of this analysis, the price of silver was at $42,178
- Buy if the price moves to $42,100
- Sell if the price moves to $42,250
Resistance 2: $42,418
Resistance 1: $42,278
Support 1: $42,078
Support 2: $41,938
Disclaimer:
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.
Source: Newsmaker.id
