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Indonesia News Portal for Traders | Financial & Business Updates

5 February 2025 18:14  |

Silver Rises to Highest Level

Silver (XAG/USD) prices rose for the third straight session, during European trading hours on Wednesday (2/5). Safe-haven metals such as Silver gained on rising risk aversion amid global trade and economic uncertainty.

In response to the new 10% US tariffs that came into effect on Tuesday, China imposed a 15% tariff on US coal and liquefied natural gas (LNG) imports, along with additional 10% tariffs on crude oil, farm equipment, and certain cars.

RECOMMENDATIONS

- Buy if price moves to $32,641

- Sell if price moves to $32,041

 

Resistance Level 2: $33,241

Resistance Level 1: $32,941

 

Support Level 1: $31,741

Support Level 2: $31,441

 

Note: This article is analytical only and is not a definitive reference. Keeping in mind the fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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