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Indonesia News Portal for Traders | Financial & Business Updates

24 December 2024 07:21  |

Silver Moves Positive In Asia

Silver moved positive to $29.6 per ounce, rebounding from a three-month low hit on Dec. 19 as the market reconsidered the level of hawkishness expected from the Fed next year.The white metal rebounded strongly on Friday from a more than three-month low of $28.75 after the release of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which showed that price pressures grew at a slower pace than expectations.

 

RECOMMENDATION

- Buy if price moves to at least $29.882

- Sell if price moves to at least around $29.542

Resistance Level 2: $30.262

Resistance Level 1: $30.072

 

Support Level 1: $29.262

Support Level 2: $29.072

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

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