Silver prices eased to around $31 per ounce on Wednesday as concerns over the escalating Russia-Ukraine conflict began to subside. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear strike. However, market fears eased after Russian Foreign Minister Sergei Lavrov stated that the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy.
until this news was released the price of silver was at the level of $ 30.931
Buy if the minimum price moves at the level of $30,731
- Sell if the minimum price is around the level of $31,331
Resistance Level 2: $31,331
Resistance Level 1: $31,131
Support Level 1: $30,731
Support Level 2 : $30,531
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Keep an eye on the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id
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