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Indonesia News Portal for Traders | Financial & Business Updates

30 January 2025 18:16  |

Silver Prices Rise Amid Dovish Central Bank Signals

Silver (XAG/USD) prices rose on Thursday (1/30). The precious metal maintained its gains amid dovish signals from major central banks.

However, Silver’s gains were limited as the Fed delivered an aggressive message by removing language that indicated confidence in inflation moving towards its 2% target. In addition, the central bank acknowledged strong economic growth and labor market conditions.

As of this writing, Silver Prices are at $31,036

RECOMMENDATION

- Buy if price moves to $31,336

- Sell if price moves to $30,736

 

Resistance Level 2: $31,936

Resistance Level 1: $31,636

 

Support Level 1: $30,436

Support Level 2: $30,136

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

Source: Newsmaker.id

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