Silver Remains Strong Near 14-Year High
Silver prices continue to demonstrate resilience, holding near 14-year highs. This precious metal is supported by a combination of fundamental factors, ranging from expectations of a US interest rate cut by the Federal Reserve to increasing industrial demand.
The price of silver at the time of this analysis was released was at $44,043.
- Buy if the price moves within the $44,000 range.
- Sell if the price moves within the $44,150 range.
Resistance 2: $44,483.
Resistance 1: $44,183.
Support 1: $43,903.
Support 2: $43,603.
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