Silver prices fell 0.45% this morning to $36,849 per ounce, hit by weak US NFP data and President Trump’s aggressive tariff policies. The jobs data, which fell far short of expectations, raised speculation of an interest rate cut, but also raised concerns about an economic slowdown.
Market sentiment remains negative, despite silver’s role as a hedge. Uncertainty about trade policy and the global growth outlook is weighing on prices, with market participants now focused on the direction of the Fed’s interest rates and further geopolitical risks.
At the time of writing, it was at $36,849/Toz.
- Buy if the price moves to around $36,989
- Sell if the price moves to around $36,989
Resistance Level 2: $37,149
Resistance Level 1: $36,989
Support Level 1: $36,709
Support Level 2: $36,409
DISCLAIMER
Note: This article is only an analysis and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions. (ayu)
Source: Newsmaker.id