Silver prices stabilized at $48.8 per ounce after high volatility last week. Investors are now awaiting the release of the US ADP employment data and the ISM PMI, as well as the impact of the Federal Reserve's recent interest rate cut.
The easing of US-China trade tensions has also reduced demand for silver as a safe-haven asset. China will suspend export controls on rare earth metals, while the US has suspended some tariffs, affecting market sentiment toward precious metals.(asd)
The price of silver at the time of this analysis was released was $48,900
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
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