• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

3 February 2025 17:47  |

Silver White Amid Dollar Strengthening

Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump’s massive tariff measures.

The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware.

As of this News Release Silver Prices are at $31,121

RECOMMENDATION

- Buy if price moves to $31,421

- Sell if price moves to $30,821

 

Resistance Level 2: $32,021

Resistance Level 1: $31,721

 

Support Level 1: $30,521

Support Level 2: $30,221

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

Source: Newsmaker.id

Related News

MARKET ANALISYS

Gold Prices Steady Ahead of US CPI Data

Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US infl...

15 January 2025 17:15
MARKET ANALISYS

Silver Trades Stagnant as US Dollar Rebounds

Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President ...

22 January 2025 01:49
MARKET ANALISYS

Akankah Perak Membuat ATH Terbarunya?

Saat berita ini rilis, perak berada di Area $33.842. Perak cenderung naik pada siang ini, hal ini didukung oleh ketidakpast...

29 October 2024 10:46
MARKET ANALISYS

Akankah Silver Kembali ke Level $34?

Perak kembali ke level $33 setelah kemarin sempat menyentuh area $34. Hal ini terjadi masih didukung oleh ketidakpastian se...

31 October 2024 07:39
BIAS23.com NM23 Ai