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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

11 February 2025 07:58  |

XAG/USD rises and regains $32.00 on safe-haven demand

Silver prices rallied on safe-haven demand on Monday, rising 0.90% and regaining $32.00 a troy ounce at the time of writing.The precious metal continued to perform positively on Monday after US President Donald Trump imposed a 25% tariff on all aluminum and steel imports. This prompted traders to seek the safety of haven assets such as Silver, Gold, and the US Dollar.

As of this News Release Silver price is at $32,157

RECOMMENDATION

- Buy if price moves to $32,100

- Sell if price moves to $32,200

 

Resistance Level 2: $32,357

Resistance Level 1: $32,257

 

Support Level 1: $32,057

Support Level 2: $31,957

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

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