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Indonesia News Portal for Traders | Financial & Business Updates

19 November 2024 11:30  |

Silver Prices Move Positive in Asia

Silver prices (XAG/USD) continued their positive streak for the second day, trading around $31.32 per troy ounce during the Asian session on Tuesday (11/19).

Dollar-denominated silver prices recovered from a two-month low as the USD halted its recent rally. The rally was driven by expectations of fewer Federal Reserve (Fed) interest rate cuts and optimism about better US economic performance under the incoming Trump administration.

Recommendations:

- Buy if the price moves at least at $31,465

- Sell if the price moves at least around $31,185

Resistance Level 2: $31,745

Resistance Level 1: $31,605

 

Support Level 1: $31,045

Support Level 2: $30,905

DISCLAIMER

Note: This article is only an analysis and not a definite reference. Always pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.

Source: newsmaker.id

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