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Indonesia News Portal for Traders | Financial & Business Updates

18 February 2025 10:29  |

Silver Prices Remain Stable Amid Geopolitical Turmoil

Silver prices remain stable because Silver is widely used in industry, especially in sectors such as electronics or solar energy, as it has one of the highest electrical conductivities of all metals higher than Copper and Gold. A surge in demand could increase prices. The dynamics of the US, China and India economies could also contribute to price changes for the US and especially China, their large industrial sectors use Silver in various processes.

As of this News Release, the Silver price is at $32,331

RECOMMENDATION

- Buy if the price moves to $32,200

- Sell if the price moves to $32,500

 

Resistance Level 2: $32,631

Resistance Level 1: $32,500

 

Support Level 1: $32,200

Support Level 2: $32,050

Note:

The analysis of this article is 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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