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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

7 January 2025 01:01  |

Silver Holds Above $30 in US Mid-Day Trading

Silver prices held above $30 an ounce in US mid-day trading on Monday as the white metal also found support from an upbeat economic outlook in China, the world’s largest silver consumer.

Beijing recently pledged “more proactive” macroeconomic policies and lower interest rates this year to stimulate growth.

Additionally, data showed China’s services sector expanded at a seven-month high in December, signaling resilient consumption.

RECOMMENDATION

- Buy if the price moves to around $30,152

- Sell if the price moves to around $29,852

Resistance Level 2: $30,547

Resistance Level 1: $30,347

 

Support Level 1: $29,677

Support Level 2: $29,482

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

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