Silver's Prices Remain Steady
Silver prices held steady in Thursday's trading, having previously moved close to the record high reached earlier this week due to a global supply crunch.
Meanwhile, falling demand from India has further squeezed supply, prompting several mutual fund companies to suspend inflows into their silver ETF schemes.
The silver price at the time of this analysis was released was $52,829
- Buy if the price moves within $52,700
- Sell if the price moves within $52,900
Resistance 2: $53,109
Resistance 1: $52,969
Support 1: $52,689
Support 2: $52,549
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id