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Indonesia News Portal for Traders | Financial & Business Updates

22 January 2025 10:27  |

Silver Prices Steady As US Dollar Weakens

Silver (XAG/USD) prices held steady on Wednesday (1/22), supported by a weaker dollar and as markets flocked to safe haven assets amid uncertainty surrounding potential tariffs from US President Donald Trump.

The newly elected President has yet to provide specific details on universal tariffs or additional costs on major trading partners, a key plank of his election campaign.

As of this writing, silver is trading at $30,836

RECOMMENDATIONS:

- Buy if price moves to around $31,136

- Sell if price moves to around $30,536

 

Resistance Level 2: $31,436

Resistance Level 1: $31,136

 

Support Level 1: $30,536

Support Level 2: $30,236

DISCLAIMER

Note: This article is only an analysis and is 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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