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Indonesia News Portal for Traders | Financial & Business Updates

8 January 2025 09:11  |

Silver to rebound in early 2025

Silver rebounds after a challenging year-end performance in 2024.

There is good reason to suspect that bullion banks deliberately lowered gold and silver prices in late 2024 to “paint the charts” and influence the year-end closing prices.

This tactic seems to make sense, given the solid gains in gold and silver over the year—26% and 21%, respectively. As the new year begins, the gold and silver bull markets are poised to regain momentum and potentially surpass last year’s performance.

As of this writing, the price of Silver is at $ 30,095

RECOMMENDATIONS

- Buy if the price moves to around $ 29,995

- Sell if the price moves to around $ 30,195

Resistance Level 2: $ 30,295

Resistance Level 1: $ 30,195

 

Support Level 1: $ 29,995

Support Level 2: $ 29,895

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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