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Indonesia News Portal for Traders | Financial & Business Updates

4 February 2025 16:04  |

Silver Holds Gains in Europe

Silver prices traded around $31.50 an ounce on Tuesday (2/4), holding near their highest level since early December as the escalating trade war between the U.S. and China boosted demand for safe-haven assets.

China announced retaliatory tariffs after President Donald Trump’s 10 percent tariffs on all Chinese imports went into effect. Earlier, Trump agreed to impose 25 percent tariffs on Canada and Mexico for a month after the countries agreed to take tougher action on immigration and drug trafficking.

RECOMMENDATIONS

- Buy if price moves to $31,924

- Sell if price moves to $31,324

 

Resistance Level 2: $32,524

Resistance Level 1: $32,224

 

Support Level 1: $31,024

Support Level 2: $30,724

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

Source: Newsmaker.id

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