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Indonesia News Portal for Traders | Financial & Business Updates

31 January 2025 10:54  |

Silver Halts Its Uptrend

Silver (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31).

Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern.

RECOMMENDATIONS

- Buy if price moves to $31,861

- Sell if price moves to $31,261

 

Resistance Level 2: $32,461

Resistance Level 1: $32,161

 

Support Level 1: $30,961

Support Level 2: $30,661

Note: This article is only an analysis 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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