Silver Holds High, Accumulation Continues
Silver prices are stable around $52 per ounce. Buying interest has resurfaced after a correction, supported by expectations of interest rate cuts and lower yields. A subdued dollar is supporting sentiment, while silver's dual role as a hedge against risk and an industrial raw material remains attractive.
Next, the market awaits the release of US inflation figures, central bank signals, and news on US-China trade negotiations. As long as the policy easing narrative persists and industrial demand remains solid, risks arise if the dollar strengthens again or physical supply loosens. (asd)
The price of silver at the time of this analysis was $52,487
- Buy if the price moves within $52,627
- Sell if the price moves within $52,347
Resistance 2: $53,027
Resistance 1: $52,927
Support 1: $52,047
Support 2: $51,747
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