Silver Prices Flat, Fed and US Tariffs in Focus
Silver remained steady at around $30.40 per ounce on Wednesday as traders awaited the Fed’s policy decision. The central bank is expected to keep rates unchanged despite pressure from President Trump to lower borrowing costs.
Investors also assessed potential US tariffs, with Trump planning levies on Canada and Mexico by Saturday, while tariffs on China remain under consideration. Meanwhile, overcapacity in China’s solar panel industry may dampen silver demand.
Key resistance is at 31.00, with further levels at 31.80 and 32.50. Support stands at 29.85, followed by 28.80 and 28.50.
Investors also assessed potential US tariffs, with Trump planning levies on Canada and Mexico by Saturday, while tariffs on China remain under consideration. Meanwhile, overcapacity in China’s solar panel industry may dampen silver demand.
Key resistance is at 31.00, with further levels at 31.80 and 32.50. Support stands at 29.85, followed by 28.80 and 28.50.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.