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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

11 February 2025 01:15  |

Silver Holds Steady Against Trump’s Tariffs

Silver held steady on Tuesday (2/11), recovering some of the previous session’s losses as US President Donald Trump’s tariff warnings fueled safe-haven demand for the metal.

Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased

RECOMMENDATION

- Buy if price moves to $32,297

- Sell if price moves to $31,697

 

Resistance Level 2: $32,897

Resistance Level 1: $32,597

 

Support Level 1: $31,397

Support Level 2: $31,097

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.id

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