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Indonesia News Portal for Traders | Financial & Business Updates

7 February 2025 17:56  |

Silver Holds Steady Ground

Silver held steady above $32.20 an ounce on Friday, on track to post a fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased.

Silver also benefited from expectations that the U.S. Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts.

RECOMMENDATIONS

- Buy if price moves to $32,528

- Sell if price moves to $31,928

 

Resistance Level 2: $33,128

Resistance Level 1: $32,828

 

Support Level 1: $31,628

Support Level 2: $31,328

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

Source: Newsmaker

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