Silver Strengthens After US Considers Export Restrictions to China
Silver prices rose on Thursday, recovering some losses from earlier in the week as rising global trade and geopolitical tensions boosted demand for safe-haven assets.
At the same time, the Trump administration blacklisted major Russian oil producers Rosneft and Lukoil in an effort to encourage Moscow to negotiate an end to the Ukraine war.
At the time of this analysis, the price of silver was at $48,998.
- Buy if the price moves within $48,900.
- Sell if the price moves within $49,138.
Resistance 2: $49,278.
Resistance 1: $49,138.
Support 1: $48,858.
Support 2: $48,718.
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