Silver Rises Sharply, a Signal from the Fed?
Silver prices surged to around $43.50 per day on Monday, reaching a 14-year high. This increase was driven by expectations that the US Federal Reserve would soon cut interest rates again.
At the time of writing, silver prices were at $43,678.
- Buy if the price moves within the $43,600 range.
- Sell if the price moves within the $43,750 range.
Resistance 2: $44,118
Resistance 1: $43,818
Support 1: $43,538
Support 2: $43,238
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id