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Indonesia News Portal for Traders | Financial & Business Updates

15 January 2025 14:31  |

Will Silver prices experience a correction?

Silver prices are still struggling in the early European trading session, when the news was made Silver was trading at around $29.96 on Wednesday (15/1). This is supported by market players still focusing on the US inflation data that will be released. While investors expect to support the US Federal Reserve's (Fed) decision to maintain interest rates at the current level in January.

RECOMMENDATIONS:

- Buy if the price moves to around $30,269

- Sell if the price moves to around $29,669

 

Resistance Level 2: $30,869

Resistance Level 1: $30,569

 

Support Level 1: $29,369

Support Level 2: $29,069

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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