Silver Bullishes $54!
Silver traded at $53,806/oz in Asia, remaining near its latest record. Safe-haven flows remain strong due to US-China tensions and macroeconomic uncertainty, while bets on a Fed rate cut are holding down yields and the US dollar—a combination that typically supports precious metals. On the physical side, seasonal Asian demand is helping to maintain bids, keeping gains sticky despite volatility.
The silver price at the time of this analysis was released was $52,806
- Buy if the price moves within $53,106
- Sell if the price moves within $52,506
Resistance 2: $53,706
Resistance 1: $53,406
Support 1: $52,206
Support 2: $51,906
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