• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

25 November 2024 17:08  |

Silver Prices Fall After Safe-Haven Demand Eases

Silver prices dropped 1% to around $30.70 per ounce on Monday, giving back gains from the previous week and following a decline in gold prices as safe-haven demand for precious metals waned.

The pullback came after US President-elect Donald Trump nominated hedge fund manager Scott Bessent as Treasury Secretary, reducing some market uncertainty. Bessent has signaled his support for Trump’s tariff and tax cut plans, but markets expect him to prioritize economic and market stability over implementing sudden policy changes.

Additionally, media reports indicated that Israel and Hezbollah, based in Lebanon, are nearing a ceasefire agreement, which could ease geopolitical tensions in the Middle East, further reducing the appeal of safe-haven assets.

RECOMMENDATIONS

- Buy if the price moves at least at $30.935

- Sell if the price moves at least around $30.635

Resistance Level 2: $31.305

Resistance Level 1: $31.110

 

Support Level 1: $30.460

Support Level 2: $30.270

DISCLAIMER

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

Source : newsmaker.id

Related News

MARKET ANALISYS

Akankah Perak Membuat ATH Terbarunya?

Saat berita ini rilis, perak berada di Area $33.842. Perak cenderung naik pada siang ini, hal ini didukung oleh ketidakpast...

29 October 2024 10:46
MARKET ANALISYS

Akankah Silver Kembali ke Level $34?

Perak kembali ke level $33 setelah kemarin sempat menyentuh area $34. Hal ini terjadi masih didukung oleh ketidakpastian se...

31 October 2024 07:39
MARKET ANALISYS

Analisis Perak Menjelang Ketidakpastian Pemilu

Pemilu AS dijadwalkan pada tanggal 5 November, yang menimbulkan ketidakpastian pasar yang signifikan. Ketidakpastian ini mend...

25 October 2024 09:37
MARKET ANALISYS

Apakah Pemilu AS Akan Mengguncang Harga Gold?

Emas mengalami kesulitan naik ke rekor tertingginya. Sore ini telah bangkit kembali untuk bergerak di area $2.740. Dolar AS (...

5 November 2024 19:19
BIAS23.com NM23 Ai