Beautiful Silver Levels!
Silver is currently trading around $44 during the Asian session on Tuesday, supported by strong industrial demand from solar panels, electric vehicles, and electronics. Global supply remains limited, creating a deficit that keeps prices strong.
From a macro perspective, expectations of a US interest rate cut have weakened the dollar and increased investor interest in safe-haven assets like silver. Global geopolitical and economic uncertainty has also added to the demand for this precious metal. (ads)
Silver price at the time of writing is $44,000
- Buy if the price moves within $44,140
- Sell if the price moves within $43,860
Resistance 2: $44,740
Resistance 1: $44,440
Support 1: $43,560
Support 2: $43,260
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