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

Indonesia News Portal for Traders | Financial & Business Updates

20 December 2024 08:30  |

Silver Holds Downside in Asia

Silver prices held steady around $28.9 this morning after retreating from the $31 level reached on December 12 after a key US inflation report supported expectations of a Federal Reserve rate cut.

The projection of fewer rate cuts for next year by the Federal Reserve and the risk of rising inflation from the prospect of expansionary fiscal policy and tariffs from the incoming Trump administration have raised concerns about poor demand for silver. Overcapacity in China’s solar panel industry has prompted photovoltaic companies to sign up for a government self-discipline program that could regulate supply, curbing the demand outlook for the silver input.

RECOMMENDATION

- Buy if price moves to at least $29,071

- Sell if price moves to at least around $28,791

 

Resistance Level 2: $29,321

Resistance Level 1: $29,121

 

Support Level 1: $28,921

Support Level 2: $28,721

 

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Pay attention to the development of 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