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

Indonesia News Portal for Traders | Financial & Business Updates

20 December 2024 13:48  |

Silver Up, Set for Weekly Decline

Silver traded at $29,091, up slightly from its morning high of $28,931. Silver is set for a weekly decline after plunging from $31 on Dec. 12 on uncertainty over Chinese industrial demand and a weaker currency for major silver exporters. It was the worst week for silver since December 2023.

Concerns about demand remain over the Federal Reserve’s projection of fewer interest rate cuts next year and the risk of higher inflation from the prospect of expansionary fiscal policy and tariffs from the incoming Trump administration.

RECOMMENDATION

- Buy if price moves to at least $29,231

- Sell if price moves to at least around $28,951

Resistance Level 2: $29,471

Resistance Level 1: $29,271

 

Support Level 1: $28,911

Support Level 2: $28,711

 

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in the transaction before making an investment decision.

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