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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

21 February 2025 18:18  |

Silver Rises In European Session

Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals.

Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war.

Market anxiety also deepened following Trump’s remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in Ukraine.

Meanwhile, US Federal Reserve officials noted in January that they would prefer to see more progress on inflation before cutting interest rates further, expressing concerns over the potential impact of Trump’s tariffs.

RECOMMENDATIONS

- Buy if price moves to $33.270

- Sell if price moves to $32.670

 

Resistance Level 2: $33.870

Resistance Level 1: $33.570

 

Support Level 1: $32.370

Support Level 2: $32.070

Note:

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

Source: Newsmaker.id

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