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Indonesia News Portal for Traders | Financial & Business Updates

30 January 2025 11:12  |

Silver Continues Its Uptrend for the Third Straight Day

Silver (XAG/USD) prices extended gains for the third straight session, trading around $30.90 per troy ounce during Asian trading hours on Thursday (1/30).

The precious metal maintained its gains amid dovish signals from major central banks.

The Bank of Canada (BoC) has ended its quantitative easing and joined Sweden’s Riksbank in delivering an interest rate cut

RECOMMENDATION

- Buy if price moves to $31.190

- Sell if price moves to $30.590

 

Resistance Level 2: $31.790

Resistance Level 1: $31.490

 

Support Level 1: $30.290

Support Level 2: $29.990

Note: This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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