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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

3 January 2025 15:46  |

Silver Moves Positive In Europe

Silver (XAG/USD) prices extended its gains for the third straight day, trading around $29.60 per troy ounce during Asian hours on Friday (3/1). The ongoing rally was attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict.

Axios cited three sources, who indicated that US President Joe Biden is reportedly exploring contingency plans to target Iran’s nuclear facilities if Tehran makes significant progress in developing a nuclear bomb before Donald Trump’s inauguration on January 20. The talks underscore growing concerns over Iran’s nuclear aspirations during the transition between administrations.

RECOMMENDATION

- Buy if price moves to around $29,720

- Sell if price moves to around $29,580

Resistance Level 2: $30,100

Resistance Level 1: $29,910

 

Support Level 1: $29,390

Support Level 2: $29,200

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

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