After the Fed's interest rate announcement in America, silver prices have risen steeply 17.50 level test. While FED's interest rates increased by 25 basis points, in 2017, it is predicted that the interest rate will rise again. The expectation on the contrary, after the FOMC meeting where nothing is explained anticipates are pre-priced USD-based losses causing strong purchases in precious metals.
When we look at the technical side of Silver market, we can observe the resistance levels are 17.75 and 17.95. On the other hand, the support levels will be 16.85 and 16.65 for the first week of April.
Resistance levels : 17.75 – 17.95
Support levels: 16.85 – 16.65
Support levels: 16.85 – 16.65
- Date: 22 March 2017 Wed 14:12
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